es, Cash balance, December 1, 2016 is $18,800 Dec.1Common stock was issued to stockholders for $7,900 cash. 7Purchased equipment for $2,000 on account. 14 Paid $19,800 cash for land 17 Paid cash expenses: office rent, $1,600: employees salaries, $1,500; utilities, $300. 23 Paid cash dividends of $2,300 26 Earned service revenue for the month, $5,100, receiving cash. SMART TOUCH LEARNING es, Cash balance, December 1, 2016 is $18,800 Dec.1Common stock was issued to stockholders for $7,900 cash. 7Purchased equipment for $2,000 on account. 14 Paid $19,800 cash for land 17 Paid cash expenses: office rent, $1,600: employees salaries, $1,500; utilities, $300. 23 Paid cash dividends of $2,300 26 Earned service revenue for the month, $5,100, receiving cash. SMART TOUCH LEARNING