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Exercise 3-14 (Part Level Submission) Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 5 8 Issued common stock in exchange for $18,300 cash received from investors. Purchased equipment for $8,540, paying $2,870 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1,200. Paid $3,030 cash on balance owed for equipment. Paid $830 cash dividend. 14 25 30 Your answer is partially correct. Try again. Complete a tabular analysis of the September transactions. (Ir a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or 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 Uabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues Expenses Dividends 18300 18300 Sept. 1 X Sept. 5 2870 8540 5670 Sept. 8 18000 18000 Sept. 14 1200 1200 Sept. 25 3030 3030 Sept. 30 830 830 18000 8540 18300 18000 1200 830