CLASS WORK PROBLEM 3: 1. Perform a transaction analysis, prepare journal posting, ledger posting for the following transaction. 2. Prepare a trial balance. SEPTEMBER 2: Xavier Invested $25,000 in cash into the business SEPTEMBER 4: Purchased Supplies $2,500 in cash SEPTEMBER 6: Purchased equipment $10,000 for credit from Siemex Company Ltd. SEPTEMBER 7: Paid for advertisement expenses $2,000 SEPTEMBER 15: Performed cash sales $ 12,500 SEPTEMBER 20: Paid $8,000 in cash for Siemex Company Ltd. (refer transaction in September 6) OCTOBER 5 : Performed credit sales for James $2000 OCTOBER 10: Xavier withdrew $1000 in cash OCTOBER 11: Received cash $1,500 from James (refer transaction in October 5) OCTOBER 15: Prepaid insurance $2,000