Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 5 8 14 25 30 Issued common stock in exchange for $20,500 cash received from investors. Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. Performed services on account for $20,300. Paid salaries of $3,500. Paid $3,140 cash on balance owed for equipment. Paid $640 cash dividend.

Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $20,500 cash received from investors. 5 Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. 8 Performed services on account for $20,300. 14 Paid salaries of $3,500. 25 Paid $3,140 cash on balance owed for equipment. 30 Paid $640 cash dividend. Journalize the transactions. (It no entry is required, seiect "No Entry" for the occount tities and enter o for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the probiem. tist all debit entries before credit entries