• Study help Business Accounting A Group Of Student Investors In Hong Kong Opened Campus Laundromat Inc. On September 1, 2014. During The First Month Of Operations, The Following Transactions Occurred. Sept. 1 Shareholders Invested HK$200,000 Cash In The Business In Exchange For Ordinary Shares. 2 Paid HK$10,000 Cash For Store Rent For The Month Of September. 3 Purchased Washers And Dryers For HK$250,000, Paying A group of student investors in Hong Kong opened Campus Laundromat Inc. on September 1, 2014. During the first month of operations, the following transactions occurred. Sept. 1 Shareholders invested HK$200,000 cash in the business in exchange for ordinary shares. 2 Paid HK$10,000 cash for store rent for the month of September. 3 Purchased washers and dryers for HK$250,000, paying HK$100,000 in cash and signing a HK$150,000, 6-month, 12% note payable. 4 Paid HK$12,000 for a one-year accident insurance policy. 10 Received a bill from the Daily News for advertising the opening of the laundromat HK$2,000. 20 Declared and paid a cash dividend to shareholders HK$7,000. 30 Determined that cash receipts for laundry fees for the month were HK$62,000. Instructions (a) Journalize the September transactions. (b) Open ledger accounts and post the September transactions. (c) Prepare a trial balance at September 30, 2014.