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Selected transactions for Swifty Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,300 cash received

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Selected transactions for Swifty Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,300 cash received from investors. 5 Purchased equipment for $8,850, paying $3,650 in cash and the balance on account. 8 Performed services on account for $20,100. 14 Paid salaries of $3,300. 25 Paid \$3,480 cash on balance owed for equipment. 30 Paid $740 cash dividend. in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example) Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 34 for example.) Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations n the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 34 for example.) omplete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or orentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.)

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