Selected transactions for Pina Colada Corp. during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $31,000 cash received from investors. 5 Purchased equipment for $22,200, paying $2,600 in cash and the balance on account. 25 Paid $6,300 cash on balance owed for equipment. 30 Paid $1,900 cash dividend. Pina Colada's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends. Assets Cash 1+231,000 5 25 30 + Equipment $ $ Stockholders' Equity