ach ctin of the statement, use the drop-down menus to accounts. Then enter the account balances and calculate alances. Enter decreases in cash with a minus sign or eses. Cash balance, December 1, 2016 is $18,600 Transactions Dec 1 Common stock was issued to stockholders for $7,900 cash. 7 Purchased equipment for $2,000 on account 14 Paid $19,900 cash for land. 17 Paid cash expenses: office rent, $12700; employees salaries, $1,400: utilities, $90 23 Paid cash dividends of $2,500 26 Earned service revenue for the month, $5,000, receiving cash. 0.00