Selected transactions for Lauren Rountree Company during its first month in business are presented belo Sept. 1 Invested $10,000 cash in the business in exchange for common stock. 5 Purchased equipment for $12,000 paying $4,000 in cash and the balance on account. 25 Paid $2,400 cash on balance owed for equipment. 30 Declared and paid a $500 cash dividend. pbell's chart of accounts shows No. 101 Cash N 201 Accounts Payable, o. 311 Common Stock; No. 332 Divide o. 157 Equipment, N (a) Journalize the transactions of the general journal. (Omit explanations (b) Post the transactions using the standard t-account form Sept. 1 Invested $10,000 cash in the business in exchange for common stock Account Title Post Debit credit Ref Date