Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of operations. The following are the transactions for the month of September.

On September $1,$ Reis invested $$15,000$ cash into her new business.

On September $12,$ purchased $$2,000$ of equipment $($cameras$)$ on credit.

On September $13,$ purchased $$500$ of equipment $($lighting$),$ paying cash.

On September $18,$ photographed an engagement session for $$1,000$; collected cash.

On September $21,$ photographed a family session for $$700$ on credit.

On September $26,$ paid $$1,000$ regarding $($b$).$

On September $29,$ collected $$300$ regarding $($e$).$

The journal entries for the month of September.

Date General Journal Debit Credit

a$.$ Sept $01$ Cash $15,000$

Christina Reis, Capital $15,000$

b$.$ Sept $12$ Equipment $2,000$

Accounts Payable $2,000$

c$.$ Sept $13$ Equipment $500$

Cash $500$

d$.$ Sept $18$ Cash $1,000$

Revenue $1,000$

e$.$ Sept $21$ Accounts receivable $700$

Revenue $700$

f$.$ Sept $26$ Accounts payable $1,000$

Cash $1,000$

g$.$ Sept $29$ Cash $300$

Accounts receivable $300$

$1$&$2.$ Post the journal entries to the general ledger using T$-$accounts. Select the letter of each transaction next to your posting and calculate the balance in each T$-$account.

$3.$ Prove the accounting equation $($Assets $=$ Liabilities $+$ Equity$).$