q1

Selected transactions for Crane Corporation during its first month in business are presented below. Sept.1 Issued common stock in exchange for $21.600 cash received from investors. 5 Purchased equipment for $9,310, paying $2,540 in cash and the balance on account: 8 Performed services on account for $18,100. 14 Paid salaries of $1,300. 25 Paid $3,020 cash on balance owed for equipment. 30 Paid $820 cash dividend. Journalize the transactions. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Credit account tities are outomatically indented when amount is entered. Do not indent manually. Record joumal entries in the arder presented in the probiem. List all debit entries before credit entries.)