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LUT ALL Progress Selected transactions for Ayayal Corp. during its first month in business are presented below Sept. 1 5 5 8 Issued common stock in exchange for $18,000 cash received from investors. Purchased equipment for $8.500, paying $2,500 in cash and the balance on account. Performed services on account for $18,000, Paid salaries of $1.200 Paid $2.500 cash on balance owed for equipment. Paid $500 cash dividend. 14 25 30 > Your answer is incorrect Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholder Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced. See Illustration 3-3 for example.) Assets Acce Equipment Cash Accounts Receivable Sept. 1 Sept. 5 Sept. 8 DUKE Sept. 14 Sept. 25 A G o Sept. 30 o 2 O ti + Chapter 3 Part 2 Homework 2 12.39/25 Question 4 of 5 o G apter 3 Part 2 Homework Question 4 of 5 12.39/25 E Equipment 975 2500 9/30 8500 9/5 6000 Bal 8500 Accounts Payable 9/25 2500 9/30 2500 2500 2500 Common Stock 18000 18000 91 9/30 18000 18000 Dividends 500 500 9/30 9/30 99 ENG 18000 18000 Dividends 9/30 500 9/30 500 500 500 Service Revenue 18000 18000 9/8 9/30 18000 18000 Salaries and Wages Expense 1200 1200 9/30 9/14 1200 1200