Selected transactions for Stockton Corporation during its first month in business are presented below:

Sept. $1$ Issued common stock in exchange for $$30,000$ cash received from investors.

$5$ Purchased equipment for $$5,000$ paying in cash.

$25$ Purchased equipment for $$10,000$ on account.

$30$ Paid $$1,000$ cash dividend.

Stockton's chart of accounts shows: Cash, Supplies, Equipment, Accounts Payable, Common Stock, and Dividends.

Instructions

$($a$)$ Prepare a tabular analysis of the September transactions. The column headings should be: Cash $+$ Equipment $=$ Accounts Payable $+$ Stockholders' Equity. For transactions affecting stockholders' equity, provide explanations in the right margin.

$($b$)$ Journalize the transactions. Do not provide explanations.

$($c$)$ Post the transactions to T$-$accounts.