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Selected transactions for Oriole Corporation during its first month in business are presented below. Sept.1 Issued common stock in exchange for $19,200 cash received from
Selected transactions for Oriole Corporation during its first month in business are presented below. Sept.1 Issued common stock in exchange for $19,200 cash received from investors. 5 Purchased equipment for $9,500, paying $3,780 in cash and the balance on account. 8. Performed services on account for $19,500. 14 Paid salaries of $2,700. 25 Paid $3,110 cash on balance owed for equipment. 30 Paid $930 cash dividend. Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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