Response to the following problem:
Selected transactions for Charlotte Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $20,550 cash received from investors. 5 Purchased equipment for $8,700, paying $3,700 in cash and the balance on account. 25 Paid $2,600 cash on balance owed for equipment. 30 Paid $970 cash dividend.
(a) Complete a tabular analysis of the September transactions.
(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. )