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1. During 2022, les first year of operations as a delivery service, Cheyenne Corp. entered into the following transactions. Issued shares of common stock to
1. During 2022, les first year of operations as a delivery service, Cheyenne Corp. entered into the following transactions. Issued shares of common stock to Investors in exchange for $144,000 in cash. Borrowed $45,000 by Issuing bonds. Purchased delivery trucks for $52,000 cash. Recelved $15.000 from customers for services performed. Purchased supplies for $6,300 on account. Pald rent of $5.800. Performed services on account for $11.900. Pald salarles of $27.400. Pald 2 dividend of $10,700 to shareholders. N N mi i ini o N od 9. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equlty 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 Illustration 3-4 for example.) Assets Accounts Receivable Cash Supplies Equipment (1) $ $ S (2) (3) (5) (6) (8) (9) S Liabilitles Accounts Payable Bonds Payable Common Stock Revenues $ $ S S Stockholders' Equity Retained Earnings Dividends Revenues Expenses $ s S
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