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

Sept. 1 Invested $20,000 cash in the business.

5 Purchased equipment for $17,000 paying $6,000 in cash and the balance on account.

11 Performed $3,900 of services for clients, collecting $1,000 cash and billing them for the remainder.

25 Paid $7,000 cash on balance owed for equipment.

29 Withdrew $600 cash for personal use.

30 Collected $1,500 from the clients from the September 11 transactions. The chart of accounts shows: No. 101 Cash, No. 112 Accounts Receivable, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owners Capital, No. 306 Owners Drawings, and No. 400 Service Revenue.

Instructions:

(a) Journalize the transactions on page J1 of the journal.

(b) Post the transactions using the standard account form.