CALCULATOR PRINTER VERRSION BACK NEX Exercise 3-18 Cheyenne Corp. provides security services. Selected transactions for Cheyenne Corp. are presented below. Oct. 1 Issued common stock in exchange for $54,100 cash from investors. Hired part-time security consultant. Salary will be $1,600 per month. First day of work will be October 15. Paid 1 month of rent for building for $1,600. 2 4 7 Purchased equipment for $14,800, paying $3,300 cash and the balance on account 8 Paid $400 for advertising. 10 Received bill for equipment repair cost of $320 12 Provided security services for event for $2,600 on account. 16 Purchased supplies for $340 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $121 27 Received payment from customer for October 12 services performed 31 Paid employee salaries and wages of $4,200