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Selected transactions for Ayayai Corp, during its first month in business are presented below. Sept. 1 5 8 14 Issued common stock in exchange for

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Selected transactions for Ayayai Corp, during its first month in business are presented below. Sept. 1 5 8 14 Issued common stock in exchange for $21,000 cash received from investors. Purchased equipment for $9,190, paying $3,470 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1.200. Paid $3,250 cash on balance owed for equipment. Paid 5930 cash dividend. 25 30 Your answer is partially correct. Complete a tabular analysis of the September transactions (if a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset. Liability or Equity item that was reduced. See Illustration 3-3 for example.) Assets Cash + Accounts Receivable Equipment Acco Sept. 1 2,100 $ $ $ Sept. 5 3,470 9,190 Sept. 8 1800 Sept. 14 1200 Sept.25 3250 Sept. 30 930 S 10.950 $ 2800 9.190 Liabilities Equipment Accounts Payable Common Stock Revenues 2,100 9.190 5720 3250 9.190 8,970 2.100 Stockholders' Equity Retained Earnings Expenses non Stock Revenues Dividends 2.100 VA 1200 930 2.100 1.200 930 Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 1 Cash 21000 Common Stock 21000 Sept. 5 Equipment 9190 Cash 3470 Accounts Payable 5720 Sept. 8 Balance 9/8 Accounts Recelvable Salaries and Wages Expense 9/14 Cash 9/30 Balance

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