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Reword the following answer: Here is a tabular analysis of the September transactions for Sheridan Corporation: | Date | Assets | Liabilities | Stockholders' Equity
Reword the following answer: Here is a tabular analysis of the September transactions for Sheridan Corporation: | Date | Assets | Liabilities | Stockholders' Equity | Explanation | | --- | --- | --- | --- | --- | | Sept. 1 | +$21,300 | | +$21,300 | Issued common stock for cash | | Sept. 5 | +$9,490 | +$6,500 | | Purchased equipment, part cash, part on account | | Sept. 8 | +$18,600 | | +$18,600 | Performed services on account | | Sept. 14 | -$1,800 | | -$1,800 | Paid salaries | | Sept. 25 | | -$3,370 | -$3,370 | Paid part of the balance owed for equipment | | Sept. 30 | -$560 | | -$560 | Paid cash dividend | In this table, the Assets column represents the company's resources, the Liabilities column represents the company's obligations, and the Stockholders' Equity column represents the owners' claim on the company's resources. The Explanation column provides a brief description of each transaction. The changes in the Assets, Liabilities, and Stockholders' Equity columns for each transaction are calculated based on the nature of the transaction. For example, when the company issued common stock for cash on September 1, its assets (cash) increased by $21,300 and its stockholders' equity (common stock) also increased by $21,300. This reflects the basic accounting equation: Assets = Liabilities + Stockholders' Equity. When a transaction causes a decrease in Assets, Liabilities, or Stockholders' Equity, a negative sign is placed in front of the amount entered for the particular Asset, Liability, or Equity item that was reduced. For example, when the company paid salari
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