Q. 2. Bob Sample opened Campus Laundry on September 1, 2015. During the first month of operations the following transactions occurred.

September 1: Stockholders invested 80,000 SR cash in the business.

September 2: Cash deposited into Commercial Bank SR 15,000.

September 3: Paid 2,500 SR cash for store rent for the month of September.

September 4: Purchased washers and dryers for 45,000 SR

September 6: Paid 2,800 SR for one-year insurance policy.

September 20: Declared and paid a 2,900 SR cash dividend to stockholders.

September 30: Determined that cash receipts for laundry fees for the month were 25,200 SR.

Instructions:

1. Journalize the September transactions.
2. Open ledger accounts from the September transactions.
3. Prepare a trial balance at September 30, 2015.