Sales of services, $122,000, of which $36,600 was on credit. collected on accounts receivable, $25,000. issued shares of common stock in exchange for $13,000 in cash. paid salaries, $44,500 (of which $8,500 was for salaries payable). paid miscellaneous expenses, $24,000. purchased equipment for $15,500 in cash. paid $2,950 in cash dividends to shareholders.

Cash$36600

Accounts Receivable$85400

To Sales$122000

(Being Sales made for cash and credit)

CashDR$25000

To Accounts Receivable$25000

(Being Cash Received from accounts Rec)

CashDR $13000

To Shareholders Equity $13000

(Being Shares issued for cash)

Salary PayableDR $8500

Salary ExpenseDR  $36000

To Cash                                                                   $44500

(Being Salary Paid)

Miscellaneous ExepenseDR $24000

To Cash$24000

(Being Exp Paid)

Equipment DR $15500

To Cash$15500

(Being Eqp Purchased)

Dividend PayableDR $2950

To Cash$2950

(Being Dividends Paid)

answer production department;