Current Attempt in Progress

Selected transactions for Wildhorse Co$.$ during its first month in business are as follows.

Sept. $1$ Stockholders invested $$10,600$ cash in the business in exchange for common stock.

$5$ Purchased equipment for $$12,200$ paying $$3,500$ in cash and the balance on account.

$25$ Paid $$1,090$ cash on balance owed for equipment.

$30$ Declared and paid a $$600$ cash dividend.

Wildhorse's chart of accounts shows No$.101$ Cash, No$.157$ Equipment, No$.201$ Accounts Payable, No$.311$ Common

Stock, and No$.332$ Dividends.

$($a$)$

$($b$)$

Post the transactions using the standard account form. $($Post entries in the order of journal entries

presented in the previous part.$)$