1. 2 Current Attempt In Progress During 2017, its first year of operaties as a delivery service. Culver Corporation entered into the followine transactions Issued shares of common stock to investors in exchange for $137.000 in cash Borrowed 544,000 by issuing bonds. Purchased delivery trucks for $57.000 cash Received $14.000 from customers for services performed. Purchased supplies for $4.700 on account Paid rent of $4,300 Performed services on account for $11,700 Pald salaries of $27,300 Paid a dividend of $11.500 to shareholders 3. 5. 6. 7 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, Llabilities or Stockholders' Equity place o negative skan for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced, see illustration 3-3 for comple) Assets Cash Accounts Recevable Supplies Equipm $ (3) ) 5) (6) (8 ho 193 5 Policies Current Attempt in Progress 12345678 During 2017. its first year of operations as a delivery service Culver Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $137.000 in cash 2. Borrowed 544,000 by issuing bonds. 3. Purchased delivery trucks for $57.000 cash. Received $14.000 from customers for services performed 5. Purchased supplies for $4,700 on account 6. Paid rent of $4,300 7 Performed services on account for $11,700. 8. Paid salaries of $27.300. 9. Paid a dividend of $11.500 to shareholders. 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 couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced, see Illustration 3-3 for example.) Liabilities Equipment Accounts Payable Bonds Payable Common Stock s $ $ $ View Policies Current Attempt in Progress 1 2. 3 During 2017. its first year of operations as a delivery service Culver Corporation entered into the following transactions Issued shares of common stock to Investors in exchange for $137.000 in cash Borrowed $44.000 by Issuing bonds. Purchased delivery trucks for $57.000 cash Received $14.000 from customers for services performed 5. Purchased supplies for $4.700 on account 6. Pald rent of $4,300 7. Performed services on account for $11,700. 8 Pald salaries of $27.300 9. Pald a dividend of $11.500 to shareholders. 4 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. Of a transaction causes a decrease in Assets, abilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced, see llustration 3-3 for example) Stockholders Equity Common Stock Retained Earnings Revenues Expenses Dividends $ 5 S View Poker Current Attempt in Progress During 2017. its first year of operations as a delivery service, Culver Corporation entered into the following transactions 1 2 3. 4. 5. 6. 7 8 9. Issued shares of common stock to investors in exchange for $137.000 in cash. Borrowed 544.000 by Issuing bonds Purchased delivery trucks for $57.000 cash. Received $14.000 from customers for services performed Purchased supplies for $4.700 on account Paid rent of $4,300 Performed services on account for $11.700 Paid sataries of $27.300 Palda dividend of $11.500 to shareholders 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 for parentheses) in front of the amount entered for the particular Asset. Liability or Equity item that was reduced, see Mustration 3-3 for example) Stockholders' Equity Retained Earnings Expenses Dividends Revenues $ $ bed Stock Service Raven Banten > Service Revue Sales and Wappens widende
