PRACTICE PROBLEM: ANALYZING AND POSTING TRANSACTIONS ON TO T-ACCOUNTS & CREATING A TRIAL BALANCE Christina is a photographer who owns Lola Photography (LP). This is the first month of operations. The following are the transactions for the month of September: a. On Sept.1, Christina invested $15,000 cash into her new business b. On Sept.12, she purchased $2,000 of equipment on credit c. On Sept.13, she purchased $500 of equipment and paid cash d. On Sept.18, she photographed an engagement session for $1,000 and collected cash e. On Sept.21, she photographed a family session for $700 on credit f. On Sept.26, she paid $1,000 regarding transaction (b) above g. On Sept.29, she collected $300 regarding transaction (e) above REQUIRED: 1. For each of the above transactions, determine the journal entries 2. Open T-accounts for each of the above transactions and post the entries to the T-accounts 3. Calculate the balance in each of the T-account 4. Use the T-accounts to create a Trial Balance 5. Ensure the Trial Balance balances (DR=CR)