Exercise 2-14 Selected transactions for Alvarado Company during its first month in business are presented below. Sept. 1 5 25 30 Stockholders invested $10,000 cash in the business in exchange for common stock. Purchased equipment for $12,000 paying $4,000 in cash and the balance on account. Paid $2,400 cash on balance owed for equipment. Declared and paid a $500 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 tities are automatically indented when the amount is entered. Do not indent manually. Record jou 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 LINK TO TEXT LINK TO TEXT Post the transactions using the standard account form. (Post entries in the order of journal entries presented in Cash Date No. 101 Balance Explanation Ref. Equipment Date No. 157 Balance Debit Credit Explanation Ref. 1 Accounts Payable Date Explanation Ref. No. 201 Balance Debit Credit Cash Date No. 101 Balance Explanation Ref. Debit Credit Equipment Date Explanation Ref. My. 157 Balance Debit Credit Accounts Payable Date Explanation Ref. Debit No. 201 Balance Credit Common Stock Date Explanation Ref. Debit No. 311 Balance Credit Dividends Date Explanation Ref. Debit Credit No. 332 Balance Ji