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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

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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. Post the transactions to Taccounts. (Post entries in the order presented in the problem.) Cash Accounts Receivable Equipment Accounts Payable Common Shares Dividends Declared Service Revenue Rent Expense Repairs and Maintenance Expense Income Tax Expense Advertising Expense

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