Sept. Issued common stock in exchange for $ cash received from investors.
Purchased equipment for $ paying $ in cash and the balance on account.
Performed services on account for $
Paid salaries of $
Paid $ cash on balance owed for equipment.
Paid $ cash dividend.
a
Your answer is partially correct.
Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations
in the farright 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.
b
Journalize the transactions. If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account
titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the
problem. List all debit entries before credit entries.
