1. Borrowed $61,700 by issuing bonds. 2 3. Received $17,500 cash from a previously billed customer for services performed. Purchased supplies on account for $3,600. 4. Paid $9.350 cash dividend to stockholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (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 particul (1) (2) $ Cash + $ Assets Accounts Receivable Supplies Accounts Payable Liabilities + $ Bonds Payable + Stockholders' Equity Common Stock + $ Retained Earnings Dividends

1. Borrowed $61,700 by issuing bonds. 2 3. Received $17,500 cash from a previously billed customer for services performed. Purchased supplies on account for $3,600. 4. Paid $9.350 cash dividend to stockholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (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 particul (1) (2) $ Cash + $ Assets Accounts Receivable Supplies Accounts Payable Liabilities + $ Bonds Payable + Stockholders' Equity Common Stock + $ Retained Earnings Dividends

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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