Exercise 3-14 (Part Level Submission) Selected transactions for Swifty Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,300 cash received from investors. 5 Purchased equipment for $8,850, paying $3,650 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1,200. 25 Paid $3,480 cash on balance owed for equipment, 30 Paid $740 cash dividend. Accounts Payable Common Stock Dividends Service Revenue Salaries and Wages Expense