Selected transactions for Novak Corp. during its first month in business are presented below.

Sept. 1		Issued common stock in exchange for $18,700 cash received from investors.
5		Purchased equipment for $8,810, paying $2,910 in cash and the balance on account.
8		Performed services on account for $18,000.
14		Paid salaries of $1,200.
25		Paid $3,320 cash on balance owed for equipment.
30		Paid $560 cash dividend.

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