(Also common shares, dividends declared, service revenue, rent expense, repairs and maintenance expense, income tax expense, and advertising expense)

Selected transactions for Crane Corporation during September 2018, its first month in business, are presented below: Sept. 1 ssued common shares in exchange for $18,000 cash. 2 Paid $ 1,400 cash for rent for the month of September. 5 Purchased equipment for $ 10,100, paying $ 2,000 in cash and the balance on account. 8 Earned $7,600 in revenue, receiving $ 1,000 cash and $6,600 on account of services provided 12 Incurred $ 500 in advertising expense on account. 20 Paid $ 2,700 for repairs and maintenance expenses 25 Paid $5,100 cash on balance owed for equipment. 27 Incurred and paid income taxes for the month amounting to $ 1,000 30 Declared and paid a $ 600 cash dividend