62 Acquisition of equipment . . . . . . . . . . . . $ 203,400 Cash balance, August 1, 2015 . . . . . . . . . . $ 0 Dividends . . . . . . . . . . . . . . . . . . . . . . . . 2,300 Cash balance, August 31, 2015 . . . . . . . . . 5,700 Retained earnings Cash receipts: August 1, 2015 . . . . . . . . . . . . . . . . . . . 0 Issuance (sale) of stock to owners . . . . 19,200 Retained earnings Rent expense . . . . . . . . . . . . . . . . . . . . . . . 1,900 August 31, 2015 188,400 Common stock . . . . .
