Exercise 2-12 Selected transactions for Alvarado Company during its first month in business are presented below. Sept. 1 Invested $10,000 cash in the business in exchange for common stock. 5 Purchased equipment for $10,900 paying $4,500 in cash and the balance on account 25 Paid $2,120 cash on balance owed for equipment. 30 Declared and paid a $890 cash dividend. Alvarado's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entr for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation