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Selected transactions for Wildhorse Corporation during September 2018, its first month in business, are presented below: Sept. 1 Issued common shares in exchange for $21,000

Selected transactions for Wildhorse Corporation during September 2018, its first month in business, are presented below:

Sept. 1 Issued common shares in exchange for $21,000 cash.
2 Paid $1,600 cash for rent for the month of September.
5 Purchased equipment for $10,600, paying $2,100 in cash and the balance on account.
8 Earned $7,600 in revenue, receiving $1,000 cash and $6,600 on account of services provided.
12 Incurred $400 in advertising expense on account.
20 Paid $3,200 for repairs and maintenance expenses.
25 Paid $4,900 cash on balance owed for equipment.
27 Incurred and paid income taxes for the month amounting to $1,000.
30

Declared and paid a $500 cash dividend.

Post the transactions to T accounts. (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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