Selected transactions for Neve Campbell Company during its first month in business are presented below.
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.
Campbell's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock; No. 332 Dividends.

Instructions
(a) Journalize the transactions on page J1 of the journal. (Omit explanations.)
(b) Post the transactions using the standard account form.