Selected transactions for Sea Company during its first month in business are presented below.

Sept. 1 Invested $10,000 cash in the business.

5 Purchased equipment for $12,000 paying $4,000 in cash and the balance on account.

25 Paid $3,000 cash on balance owed for equipment.

26 Receives $3,000 cash from customers after performed services. 30 Withdrew $700 cash for personal use.

Instructions

(a) Journalize the transactions. (Omit explanations.)

(b) Post the transactions using the standard account form. (c) Prepare the trial balance.

Selected transactions for Sea Company during its first month in business are presented below. Sept. 1 Invested $10,000 cash in the business. 5 Purchased equipment for $12,000 paying $4,000 in cash and the balance on account. 25 Paid $3,000 cash on balance owed for equipment. 26 Receives $3,000 cash from customers after performed services. 30 Withdrew $700 cash for personal use. Instructions (a) Journalize the transactions. (Omit explanations.) (b) Post the transactions using the standard account form. (c) Prepare the trial balance