Selected transactions for the Basler Corporation during its first month in business are presented below:

Sept. 1 Issued common shares for $20,000 cash.

2 Performed $9,000 of services on account for a customer.

4 Purchased equipment for $12,000, paying $5,000 in cash and borrowing the balance from the bank.

10 Purchased $500 of supplies on account.

25 Received $4,500 cash in advance for architectural services to be provided next month.

30 Paid account owing for supplies (see September 10 transaction).

30 Collected $5,000 on account owing from customer (see September 2 transaction).

Instructions

For each of the above transactions, do the following:

(a) Prepare a basic analysis.

(b) Prepare an equation analysis.

(c) Prepare a debit-credit analysis.

(d) Journalize the transaction.

(e) Using T accounts, post the journal entry to the general ledger.