A group of student investors in Hong Kong opened Campus Laundromat Inc. on September 1, 2014. During the first month of operations, the following transactions occurred.

• Sept. 1 Shareholders invested HK$200,000 cash in the business in exchange for ordinary shares.
• 2 Paid HK$10,000 cash for store rent for the month of September.
• 3 Purchased washers and dryers for HK$250,000, paying HK$100,000 in cash and signing a HK$150,000, 6-month, 12% note payable.
• 4 Paid HK$12,000 for a one-year accident insurance policy.
• 10 Received a bill from the Daily News for advertising the opening of the laundromat HK$2,000.
• 20 Declared and paid a cash dividend to shareholders HK$7,000.
• 30 Determined that cash receipts for laundry fees for the month were HK$62,000.
• Instructions (a) Journalize the September transactions.
• (b) Open ledger accounts and post the September transactions.
•  (c) Prepare a trial balance at September 30, 2014.