Selected transactions for Ann Ling Couture during its first month in business are presented below.
Sept    1 Invested NT$10,000 cash in the business.
            5 Purchased equipment for NT$14,000 paying NT$4,000 in cash and the balance on account.
          25 Paid NT$3,000 cash on balance owed for equipment.
          30 Withdrew NT$900 cash for personal use.
Ling’s chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner’s Capital, and No. 306 Owner’s Drawings.

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