Question: PLEASE HELP WITH PART B Selected transactions for Metlock, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $12,900 cash
PLEASE HELP WITH PART B




Selected transactions for Metlock, Inc. during its first month in business are as follows. Sept. 1 Stockholders invested $12,900 cash in the business in exchange for common stock. 5 Purchased equipment for $11,100 paying $4,500 in 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. \begin{tabular}{l} Debit \\ \hline 12900 \\ \hline \end{tabular} Common Stock Sept. 5 Equipment 11100 Cash Accounts Payable Sept. 25 Accounts Payable 2660 Cash Sept. 30 Dividends 650 Cash 650 (b) Post the transactions using the standard account form. (Post entries in the order of journal entries presented in the previous part.)
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