Selected transactions for Wildhorse Co$.$ during its first month in business are as follows.

Sept. $1$ Stockholders invested $$10,600$ cash in the business in exchange for common stock.

$5$ Purchased equipment for $$12,200$ paying $$3,500$ in cash and the balance on account.

$25$ Paid $$1,090$ cash on balance owed for equipment.

$30$ Declared and paid a $$600$ cash dividend.

Wildhorse's chart of accounts shows No$.101$ Cash, No$.157$ Equipment, No$.201$ Accounts Payable, No$.311$ Common

Stock, and No$.332$ Dividends.

$($a$)$

Journalize the transactions. $($Credit account titles are automatically indented when the amount is

entered. Do not indent manually. Record journal entries in the order presented in the problem. If

no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

eTextbook and Media

List of Accounts

Attempts: $0$ of $3$ used

$($b$)$

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