Selected transactions for Sunland Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $20,000 cash. 2 Paid $1,500 cash for rent for the month of September. 5 Purchased equipment for $9,000, paying $2,100 in cash and the balance on account. 8 Earned $6.700 in revenue, receiving $1,000 cash and $5,700 on account of services provided. 12 Incurred $500 in advertising expense on account. 20 Paid $2,700 for repairs and maintenance expenses. 25 Paid $5,100 cash on balance owed for equipment. 27 Incurred and paid income taxes for the month amounting to $1,000. 30 Declared and paid a $400 cash dividend. Prepare journal entries to record the above transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Sept. 8