Current Attempt in Progress

Cullumber Co$.$ opened as a new computer services business on August $1,2025.$ During August,the following transactions occurred.

Shareholders invested $45,000$ cash in the business in exchange for ordinary shares.

Purchased equipment for $4,500,$ paying $2,250$ in cash and the balance on account.

Paid $1,850$ cash for August office rent.

Purchased $1,750$ of supplies on account.

Recognized revenue of $10,000,$ of which $6,500$ is collected in cash with the balance to be collected later.

Paid for the supplies purchased in transaction $(4).$

Declared and paid $1,950$ dividend.

Incurred utility expenses for the month on account $1,520.$

Paid salaries of $5,300$ for August.

Received $4,500$ from Standard Bank$-$money borrowed on a note payable.