Selected transactions for Charlotte Corporation during its first
month in business are presented below.
Issued common stock in exchange for $18,820 cash received
Purchased equipment for $9,260, paying $3,620 in cash and
the balance on account.
Paid $2,720 cash on balance owed for equipment.
Paid $740 cash dividend.
Complete a tabular analysis of the September transactions.
(If an amount reduces the account balance then enter
with a negative sign preceding the number e.g. -15,000 or in
parenthesis e.g. (15,000).)
Journalize the transactions. (Credit account titles
are automatically indented when amount is entered. Do not indent
post the transactions to T accounts. (post entries
in the order of information presented in the