Journalize and Post the following transactions for the Peony Company for the month of October. 

a Shareholders invested $36,000 of cash in the business. 

b Purchased land costing $18,000 with cash. 

c Purchased equipment costing $9,000 for $4,000 cash and the remainder on credit. 

d Purchased supplies on account for $800. 

e Paid $3,000 for a one year insurance policy. 

f Received $2,000 for services performed. 

g Received $4,000 for services to be delivered next month. 

h Paid $2,500 of wage to employee.