Selected transactions for Flounder Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21.900 cash received from investors. 5 Purchased equipment for $9,320.paying $2.740 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1.200. 25 Paid $2.990 cash on balance owed for equipment. 30 Paid $510 cash dividend. - Your answer is partially correct. Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example) Liabilities Cash Accounts Receivable Equipment Accounts Payable Sept. 1 $ Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30 14460 3.590 e Textbook and Media Selected transactions for Flounder Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21.900 cash received from investors. 5 Purchased w e nt for 59.320, paying $2.740 in cash and the balance on account 8 Performed services on account for $18,000 14 Paid salaries of $1.200 25 Paid $2.990 cash on balance owed for equipment. 30 Paid $510 cash dividend. - Your answer is partially correct. Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity placea negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) lities Stockholders' Equity Retained Earnings Expenses ts Payable Common Stock - Revenues Dividends 510i 21.900 e Textbook and Media Post the transactions to T-accounts. (Post entries in the order of information presented in the question.) Cash 21.900 9,320 1.200 2,990 510 21,900 Balv 21,900 Accounts Receivable 18,000 18,000 || | Equipment 9/5 6,580 9.320 9/5 2,740 Accounts Payable 9/25 2.990 2.990 Common Stock 21,900 Bal & 21,900 Dividends 9/30 510 510 Service Revenue 9/8 18.000 Salaries and Wages Expense 1.200