Selected transactions for Swifty Corporation during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $42,000 cash received from investors. 5 Purchased equipment for $23,000, paying $2,600 in cash and the balance on account. 25 Paid $7,000 cash on balance owed for equipment. 30 Paid $1,300 cash dividend. Swifty's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends..