1. Journalize and Post the following transactions for the Peony Company for the month of October. @ Shareholders invested $36,000 of cash in the business. Purchased land costing $18,000 with cash. Purchased equipment costing $9,000 for $4,000 cash and the remainder on credit. Purchased supplies on account for $800. Paid $3,000 for a one year insurance policy. Received $2,000 for services performed. Received $4,000 for services to be delivered next month. Paid $2,500 of wage to employee