Exercise 3-14 (Part Level Submission) Selected transactions for Blue Spruce Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $20,500 cash received from investors. 5 Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1,200. 25 Paid $3,140 cash on balance owed for equipment. 30 Paid $640 cash dividend. (a) Your answer is correct. Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 fa Assets = Liabilities + Stockholders' Equity Retained Earnings Revenues - Expenses - + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Dividends Cash 20500 Sept. 1 20500 Sept. 5 -2590 68401 Sept. 8 18000 Sept. 14 1 -1200 - -3140| -640 -640 9430 = 1 Click if you would like to Show Work for this question: Open Show Work (6) Your answer is partially correct. Try again. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Credit Date Sept. 1 Account Titles and Explanation cash 20500 | Common Stock 20500 Sept. 5 Equipment Cash -2590 | Accounts Payable 6840 Sept. 8 Accounts Receivable LJUHUHUDODHET TTTTTTTTTRTGO | Service Revenue 18000 Sept. 14 | Salaries and Wages Expense | Cash 1200 Accounts Payable I Cash 3140 - ept. 30 Dividends Cash 540- Click if you would like to Show Work for this question: Open Show Work Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Accounts Receivable Equipment Accounts Payable Common Stock Dividends Service Revenue Salaries and Wages Expense Click if you would like to Show Work for this question: Open Show Work