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 an equation analysis of the September transactions. Use the following format. (If an amount reduces the account balance then enter with a negative sign preceding the number e.g. -15,000 or in parenthesis e.g. (15,000).)

Assets

=

Liabilities

+

Shareholders Equity

Retained Earnings

Cash

+

Accounts Receivable

+

Equipment

=

Accounts Payable

+

Common Shares

+

Revenues

-

Expenses

-

Dividends Declared

Sept.

1

Sept.

2

Sept.

5

Sept.

8

Sept.

12

Sept.

20

Sept.

25

Sept.

27

Sept.

30