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36. Selected transactions for Stockton Corporation during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $30,000 cash

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36. Selected transactions for Stockton Corporation during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $30,000 cash received from investors 5 Purchased equipment for $20,000, paying $2,000 in cash and the balance on account. 25 Paid $6,000 cash on balance owed for equipment. 30 Paid $1,000 cash dividend. Stockton's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends. Instructions Journalize the transactions. Do not provide explanations. Debit Credit ate

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