During 2017, Manion Corp. entered into the following transactions.

1. Borrowed $60,000 by issuing bonds.

2. Paid $9,000 cash dividend to stockholders.

3. Received $13,000 cash from a previously billed customer for services performed.

4. Purchased supplies on account for $3,100.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the right-hand margin.

For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. Use Illustration 3-3 (page 99) as a model.

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Assets Accounts Liabilities Accounts Cash Receivable + Supplies === Payable Bonds + Stockholders' Equity Common Retained Payable + Stock + Earnings