18,000 Equipment Accumulated Depreciation Salaries Payable Common Stock Retained Earnings Totals $ 6,200 8,700 17,000 6,900 $38,800 $38,800 The following is a summary of the transactions for the year: 1. March 12 Provide services to customers, $44,0007 of which $19 2. May 2 Collect on accounts receivable, $16,400. 3. June 30 Issue shares of common stock in exchange for $6,000 4. August 1 Pay salaries of $8,700 from 2020 (prior year). 5. September 25 Pay repairs and maintenance expenses, $11,400. 6. October 19 Purchase equipment for $6,400 cash. 7. December 30 Pay $1,100 cash dividends to stockholders. blem 3-8A Part 2 ecord each of the summary transactions listed above. (If no entry is required fo rnal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal