Shelly Herzog opens a research service near a college campus. She names the corporation Herzog Researchers, Inc. During the first month of operations, July 2012, the business engages in the following transactions:

I. Herzog Researchers, Inc., issues its common stock to Shelly Herzog, who invests $25,000 to open the business. II. The company purchases on account office supplies costing $350. III. Herzog Researchers pays cash of $20,000 to acquire a plot next to the campus. The company intends to use the land as a building site for a business office. IV. Herzog Researchers performs research for clients and receives cash of $1,900. V. Herzog Researchers pays $100 on the account payable that it created in transaction b. VI. Herzog Researchers pays cash expenses for office rent ($400) and utilities ($100). VII. The business sells a small parcel of the land for its cost of $5,000. VIII. The business declares and pays a cash dividend of $1,200.

Required: c) Analyse the transactions. d) Show the effect of transactions on accounting equation. e) Record Herzog, Inc. journal entries f) Post the journal entries that Herzog, Inc. g) Prepares unadjusted trial balance for Herzog, Inc.