Question 8 of 8 -12 e View Policies Current Attempt in Progress Selected transactions for Cullumber Company during first month in business are presented below. Sept. 1 5 Stockholders invested $10,000 cash in the business in exchange for common stock. Purchased equipment for $10,000 paying $2,000 in cash and the balance on account Paid $1,000 cash on balance owed for equipment. Declared and paid a $500 cash dividend. 25 30 Cullumber's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit