complete a tabular analysis of the transactions, an income statement, and a balance sheet.

Selected transactions for Cheyenne Corp, during its first month in business are presented below. Sept. 1 5 8 Issued common stock in exchange for $18,500 cash received from investors. Purchased equipment for $8,740, paying $2,760 in cash and the balance on account Performed services on account for $18.400. Paid salaries of $1,600 Paid $3,120 cash on balance owed for equipment, 14 25 30 Paid $860 cash dividend