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Selected transactions for Flint Corporation during its first month in business are presented below. Sept. 1 5 8 Issued common stock in exchange for $18,800

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Selected transactions for Flint Corporation during its first month in business are presented below. Sept. 1 5 8 Issued common stock in exchange for $18,800 cash received from investors. Purchased equipment for $8,690, paying $2,840 in cash and the balance on account Performed services on account for $19,900. Paid salaries of $3,100. Paid $3,120 cash on balance owed for equipment Paid $630 cash dividend. 14 25 30 Journalize the transactions. (If no entry is required, select "No Entry for the account titles and enter O 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 v Sept. 5 Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash 9/1 9/5 9/8 9/14 Accounts Receivable 9/8 Equipment 9/5 Ircounte Davable Accounts Payable 9/5 5850 Common Stock Dividends Service Revenue Salaries and Wages Expense

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