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1. During 2022, Splish Brothers Corp. entered into the following transactions. 1. Borrowed $56,400 by issuing a note. 2. Paid $8,460 cash dividend to stockholders.

1. During 2022, Splish Brothers Corp. entered into the following transactions.

1. Borrowed $56,400 by issuing a note.
2. Paid $8,460 cash dividend to stockholders.
3. Received $12,220 cash from a previously billed customer for services performed.
4. Purchased supplies on account for $2,914.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets

=

Liabilities

+ Stockholders Equity

Retained Earnings

Cash

+

Accounts Receivable

+

Supplies

=

Accounts Payable

+

Notes Payable

+

Common Stock

+

Revenues

-

Expenses

-

Dividends

1.

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

2.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Paid div
3.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

4.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

2.

Transactions made by Larkspur Co. for the month of March are shown below.

1. The company performed $16,400 of services for customers on account.
2. The company received $16,400 in cash from customers who had been billed for services [in transaction (1)].
3. The company received a bill for $1,476 of advertising but will not pay it until a later date.
4. Larkspur Co. paid a cash dividend of $2,460.

Prepare a tabular analysis that shows the effects of these transactions on the expanded accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

Assets

=

Liabilities

+

Stockholders Equity

Retained Earnings

Cash

+

Accounts Receivable

=

Accounts Payable

+

Common Stock

+

Revenues

-

Expenses

-

Dividends

1.

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

2.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

3.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

4.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

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