AP Selected transactions for Bonnie Donne Company during its first month in business are as follows:

September.

1 Invested $10,000 cash in the business.

5 Purchased equipment for $14,000 paying $4,000 in cash and the balance on account.

25 Paid $3,000 cash on balance owed for equipment.

30 Withdrew $900 cash for personal use.

Instructions

1. Journalize the transactions on page J1 of the journal. (Omit explanations.)
2. Post the transactions using the standard account form.
3. Analyse errors and their effects on trial balance.