Exercise 3-14 (Part Level Submission) Selected transactions for Blue Spruce Corp. during its first month in business are presented below. Sept. 1 5 8 14 25 30 Issued common stock in exchange for $20,500 cash received from investors. Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1,200. Paid $3,140 cash on balance owed for equipment. 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 for example.) Assets = Liabilities + Stockholders' Equity Retained Earnings Revenues - Expenses - + Accounts Receivable + Equipment Dividends Cash 20500 = Accounts Payable + Common Stock + 20500 2 Sept. 5 T -2590 9430 6840 1 18000 T 18000 Sept. 14 T -1200 Sept. 25 T -3140 -31401 Sept. 30 -640 -640 129301 18000 94301 20500 18000 -640 Click if you would like to Show Work for this question: Open Show Work (0 ) 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 entere order presented in the problem.) Date Account Titles and Explanation Debit Credit 20500 Sept -2590 -2590 Sept. 8 PUOLILLOOOOOO DHONDONDOOOOO xc Sept. 25 Sept. 30 Click if you would like to Show Work for this question: Open Show Work