Financial Transaction for the Month of September Details Below: Sept 1. Ivanna invested $200,000 Cash and a Building worth $500,000 to start her Legal Firm Sept. 2 Purchased a Company Vehicle for $55,000 by paying Cash $25,000 and the remaining amount a Vehicle Loan to be paid over 4 Years. There will be monthly payments on the Vehicle Loan over the 4 Year Term. Sept. 5 Purchased Office Supplies in the amount of $500 by paying Cash - Post to Current Asset Sept. 6 Ivanna invoiced her Client Fred Clause for $2,500, Inv#800 Sept. 7 Paid Professional Liability Insurance Expense for the month with Cheque #123, $240 Sept. 7 Invoiced Client Brian Lake - Inv#870, $250 for initial consultation. Sept. 10 Paid Law Clerk Salary, $1,500 with Cheque #125 Sept. 15 Paid $1,000 in personal expenses with Law Firm Cheque #130 Sept. 16 Purchased Computer Software for $5,000 using Law Firm Credit Card. Ivanna will use the software for a number of years. Sept. 18 Ivanna obtained a Business Loan for $20,000. Loan to be repaid over 24 months Sept. 19 Purchased Office Signage on Account, terms net 30 days, $1,000 Sept. 20 Fred Clause paid Inv#800 issued on Sept. 6 Sept. 21 Invoiced Client Big Business - Inv#805, $2,500 for Consultation Sept. 22 Ivanna received and posted the telephone bill for the month of September, $327 Sept. 25 Ivanna took a draw against the Firm in the amount of $5,000, Cheque #150 Sept. 26 Issued Cheque #162 for 1 month of Professional Dues to the Law Society, $289 Sept. 30 Paid Bank Fees in the amount of $328 for the month of September Sept. 30 Bank withdrew payment for the Vehicle Loan for September, $528 Principal and $127 Interest Sept. 30 Bank withdrew payment for the Business Loan $947, $724 Principal and $223 Interest Step 1. For each transaction listed in the Month of September Details, analyze the transaction and record the appropriate journal entry in the

General Journal

Step 2: Post the General Journal Entries to the General Ledger Accounts found below:

General Journal Date Description PR Debit Credit 20**