Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Selected transactions for Novak Corp during its first month in business are presented below. Sept.1 Isued commonstockinexchange for $18,700 cash received from investors: 5. Purchased eculpenent tor $8.810 paying $2.910 in cashand the balanceon account 8 Performed services on account for $19000. 14 Paid saiaries ot $2,200 25 Paid $3,320 cash on balance oned for equigmint. 30 Paid $560 cashdividend Woamake the tranactions. If ne eafry is mequired, select "Ro Enfry" for the acreaet tities and eater net iedent menually. Recard jasrad encries in the anter preseled in the problemi)