Question: Selected transactions for Ayayai Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,000 cash received

Selected transactions for Ayayai Corp. during its first month in business are presented below.

Sept. 1 Issued common stock in exchange for $18,000 cash received from investors.
5 Purchased equipment for $8,500, paying $2,500 in cash and the balance on account.
8 Performed services on account for $18,000.
14 Paid salaries of $1,200.
25 Paid $2,500 cash on balance owed for equipment.
30 Paid $500 cash dividend.

Can you please post the transactions to T-accounts. (Post entries in the order of information presented in the question.)

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