Selected transactions for Skysong, Inc. during its first month in business are presented below. Sept. 1 Stockholders invested $10,700 cash in the business in exchange for common stock. Purchased equipment for $12,500 paying $2,900 in cash and the balance on account. 5 25 Paid $2,220 cash on balance owed for equipment. 30 Declared and paid a $720 cash dividend. Skysong's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit