Exercise 2-14 (Part Level Submission) Selected transactions for Metlock, Inc. during its first month in business are presented below. Sept. 1 Stockholders invested $12,900 cash in the business in exchange for common stock. 5 Purchased equipment for $11,100 paying $4,500 n cash and the balance on account. 25 Paid $2,660 cash on balance owed for equipment. 30 Declared and paid a $650 cash dividend Metlock's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 311 Common Stock, and No. 332 Dividends. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titdes and enter O for the amounts.) Date Account Titles and Explanation Debit Credit