Selected transactions for Isabelle Adjani Company during its first month in business are presented below.
Sept. 1 Invested €10,000 cash in the business in exchange for ordinary shares. 5 Purchased equipment for €12,000 paying €4,000 in cash and the balance on account. 25 Paid €2,400 cash on balance owed for equipment. 30 Declared and paid a €500 cash dividend. Adjani’s chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Share Capital—Ordinary, No. 332 Dividends. 

Instructions
(a) Journalize the transactions on page J1 of the journal. (Omit explanations.)
(b) Post the transactions using the standard account form.