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Sept. 1 Issued common stock in exchange for $18,000 cash received from investors. 5 Purchased equipment for $8,500, paying $2,500 in cash and the balance
Sept. 1 Issued common stock in exchange for $18,000 cash received from investors. 5 Purchased equipment for $8,500, paying $2,500 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1,200. 25 Paid $2,500 cash on balance owed for equipment. 30 Paid $500 cash dividend. 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.) Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the nrolsin Ie nart
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