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CALCULATOR INTERVEN BACK NEXT Selected transactions for Cullumber Company during its first month in business are presented below. Sept. 1 Stockholders invested $10,000 cash in

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CALCULATOR INTERVEN BACK NEXT Selected transactions for Cullumber Company during its first month in business are presented below. Sept. 1 Stockholders invested $10,000 cash in the business in exchange for common stock 5 Purchased equipment for $10,000 paying $2,000 in cash and the balance on account. 25 Paid $1,000 cash on balance owed for equipment 30 Declared and paid a $500 cash dividend. Cullumber's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividendi. Journalize the transaction. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTS Post the transactions using the standard account form (Post entries in the order of journal entries presented in the previous part.) Cash No. 101 Date Explanation Ref. Debit Credit Balance 01 31 31 31 No. 157 Equipment Date Explanation Ref. Debit Credit Balance 31 Accounts Payable Date Explanation Ref. Creole No. 201 Balance Debit Credit 31 31 No. 311 Balance Debit Credit Common Stock Date Explanation Ref 31 Dividends Date No. 332 Balance Debit Credit Explanation Ref 31 Click if you would like to Show Work for this questioni One Show Work

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