Selected transactions for Pina Colada Corp. during its first month in business are as follows.

Sept. $1$ Stockholders invested $$12,400$ cash in the business in exchange for common stock.

$5$ Purchased equipment for $$13,300$ paying $$4,300$ in cash and the balance on account.

$25$ Paid $$1,080$ cash on balance owed for equipment.

$30$ Declared and paid a $$880$ cash dividend.

Pina Colada's chart of accounts shows No$.101$ Cash, No$.157$ Equipment, No$.201$ Accounts Payable, No$.311$ Common Stock, and No$.332$ Dividends.