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 Paid $3,120 cash on balance owed for equipment. 225 30 Paid $860 cash dividend. pt. 1 Cash 18500 pt. 5 -2760 pt. 8 pt. 14 -1600 pt. 25 -3120 pt. 30 5 860 Accounts Receivable 18400 10160 18400 10 Equipment = 8740 M i Accounts Payable Common Stock 5980 3120 18500 Revenues 18400 9100 18500 18400 18400 1600 i Issued Stock Rent Expense Dividends 860 Service Revenue Salaries and Wages Expense Issued Stock 18400 1600 860 1