Transaction $-$ Please consider each transaction as independent, unless otherwise noted.

$1.$ Purchased a computer for $$2,200$ on credit $($on account$).$

$2.$ Declared and paid cash dividends of $$600$ to shareholders.

$3.$ Signed a rental contract for $$850$ per month. The rental term starts one month from now.

$4.$ Received cash of $$750$ for services to be provided next month.

$5.$ Paid the $$250$ telephone bill for the current month.