1. 2. 3. During 2022, its first year of operations as a delivery service, Flounder Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $137,000 in cash. Borrowed $55,000 by issuing bonds. Purchased delivery trucks for $63,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $6,600 on account. Paid rent of $5,900 Performed services on account for $10,700. Paid salaries of $26,700. Paid a dividend of $11,500 to shareholders. 4. 5. 6. 7 8. 9. Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column. (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 particular Asset, Liability or Equity item that was reduced, see Illustration 3-4 for example.) Q Assets Accounts + Receivable Cash Supplies + Equipment (1) $ $ $ (2) (3) (5) (6) (7) (8) (9) $ $ $ Liabilities Accounts = Payable Bonds Payable Common + Stock + Equipment $ $ 1 Q $ $ $ $ uestion 1 OT Stockholders' Equity Retained Earnings Revenues Dividends Expenses - $ $