Selected transactions for Oriole Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,500 cash received from investors. 5 Purchased equipment for $8,740, paying $2,760 in cash and the balance on account. 8 Performed services on account for $18,400. 14 Paid salaries of $1,600. 25 30 225 Paid $3,120 cash on balance owed for equipment. Paid $860 cash dividend.