Johns House Painting Company has the following transactions for the year

1. December 1 Issued capital stock for $100,000 to start a house painting business.

2. December 1 - Paid one year insurance premium costing $4,800.

3. December 1 - Paid gas expense $200.

4. December 1 - Purchased equipment costing $4,800 on credit.

5. December 12 - Purchased supplies costing $800 on credit.

6. December 18 - Painted three houses totaling $12,000 and billed customers.

7. December 23 - Painted three rooms and billed customers $500.

8. December 28 - Received $2,000 for houses painted in #6.

9. December 31 - Paid for equipment purchased in #4.

10. December 31 - Received $1,000 for a job to paint a house in January next year.

11. December 31 - Paid a $1,000 dividend.

Required:

1. Prepare journal entries for the above transactions.

2. Post the above transactions to T Accounts.