Exercise 3-14 (Part Level Submission) Selected transactions for Sarasota Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,100 cash received from investors. 5 Purchased equipment for $9,230, paying $2,870 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1,200. 25 Paid $3,220 cash on balance owed for equipment. 30 Paid $710 cash dividend