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Exercise 3-14 (Part Level Submission) Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 5 8 Issued common

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Exercise 3-14 (Part Level Submission) Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 5 8 Issued common stock in exchange for $18,300 cash received from investors. Purchased equipment for $8,540, paying $2,870 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1,200. Paid $3,030 cash on balance owed for equipment. Paid $830 cash dividend. 14 25 30 (C) Post the transactions to T-accounts. (Post entries in the order of Inform Cash

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