Question: Selected transactions for Riverbed Corp during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $40,500 cash received
Selected transactions for Riverbed Corp during its first month in business are presented below: Sept. 1 Issued common stock in exchange for $40,500 cash received from investors. 5 Purchased equipment for $22,700, paying $2,000 in cash and the balance on account. 25 Paid $5,400 cash on balance owed for equipment 30 Paid $1,700 cash dividend. Riverbed's chart of accounts shows: Cash, Equipment, Accounts Payable, Common Stock, and Dividends. (a) Prepare a tabular analysis of the September transactions. For transactions affecting stockholders' equity, select appropriate explanation in the right margin. Assets - Liabilities + Sto Cash + Sta + Equipment - Accounts Payable $ $ Sept. 1 $ 5 25 30 $ $
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