Selected transactions for Blue Spruce Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $20,500 cash received from investors. 5 Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. 8 Performed services on account for $20,300. 14 Paid salaries of $3,500. 25 Paid $3,140 cash on balance owed for equipment. 30 Paid $640 cash dividend. Date Account Titles and Explanation Debit Credit