Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of operations. The following are the transactions for the month of September. 

a. On September 1, Reis invested $15,000 cash into her new business. 

b. On September 12, purchased $2,000 of equipment (cameras) on credit. 

c. On September 13, purchased $500 of equipment (lighting), paying cash. 

d. On September 18, photographed an engagement session for $1,000; collected cash. 

e. On September 21, photographed a family session for $700 on credit. 

f. On September 26, paid $1,000 regarding (b). 

g. On September 29, collected $300 regarding (e).

Required 

For each transaction, complete the analysis and determine the journal entry analysis. Use the template below. The first transaction has been completed for you.

Transcribed Image Text:

Assets increase. Equity increases. Debit the cash account for $15,000. Credit the Christina Reis, Capital account in equity for $15,000 a. Analysis Journal entry analysis Continue...