Selected transactions for Grouper Corp. during its first month in business are presented below.
Issued common stock in exchange for $21,300 cash received from investors.
Purchased equipment for $9,490, paying $2,990 in cash and the balance on account.
Performed services on account for $18,000.
Paid salaries of $1.200.
Paid $3,370 cash on balance owed for equipment.
Paid $560 cash dividend,