The business activities of Beaver Company during its first month of operations are as follows: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Becky and Bucky Beaver start a company that they incorporate as Beaver Company on September 1, 2020, they invest $15,000 cash in the business in exchange for $15,000 of common stock. Beaver Company purchases computer equipment for $7,000 cash. Beaver Company purchases computer accessories expected to last several months for $1,600 from Lakeside Company. Lakeside Company agrees to allow Beaver Company to pay this bill in October. Beaver Company receives $1,200 cash from customers for services it has performed. Beaver Company receives a bill for $250 from the Daily News for advertising on its online website but postpones payment until a later date. Beaver Company performs $3,500 of services for customers. Beaver Company receives cash of $1,500 from customers, and it bills the balance of $2,000 on account. Beaver Company pays the following expenses in cash for September: office rent $600, salaries and wages of employees $900, and utilities $200. Beaver Company pays its $250 Daily News bill in cash. Beaver Company receives $600 in cash from customers who had been billed for services (in Transaction 6). Beaver Company pays a dividend of $1,300 in cash to Becky and Bucky Beaver, the stockholders of Beaver Company.