Selected transactions for Cheyenne Corp. during its first month in business are as follows. Sept. 1 Stockholders invested $11,400 cash in the business in exchange for common stock. 5 Purchased equipment for $11.900 paying $2,000 in cash and the balance on account. 25 Paid $1,380 cash on balance owed for equipment. 30 Declared and paid a $730 cash dividend. Cheyenne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and N 332 Dividends.