View Policies Show Attempt History Current Attempt in Progress Selected transactions for Pharoah Corporation 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 $18,500. 14 Paid salaries of $1,700. 25 Paid $2,990 cash on balance owed for equipment. 30 Paid $510 cash dividend.(a) Your answer is partially correct. Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Cash Accounts Receivable Equipment Accounts Payable Common Stock Revenues Expenses Dividends 21900 $ $ 21900 $ $ 0 $ 0 -2740 9320 6580 18500 18500 -1700 1700 -2990 -2990 0 -510 -510 $ 18500 $ 9320 $ 3590 $ 21900 $ 18500 $ 1700 $ -510 13960