Selected transactions for P.F. Quick Corporation during its first month in business are presented below.

Sept. 1 Issued common stock in exchange for $15,000 cash received from investors.

5 Purchased equipment for $12,000, paying $2,000 in cash and the balance on account.

25 Paid $5,000 cash on balance owed for equipment. 30. ~=Paid $500 cash dividend.

P. F Quick’s chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends.

Instructions

(a) Prepare a tabular analysis of the September transactions. The column headings should be: Cash + Equipment = Accounts Payable + Stockholders’ Equity. For transactions affecting stockholders’ equity, provide explanations in the right margin, as shown on page 107.

(b)

(c)