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1 Issued shares of common stock to investors in exchange for $149,000 in cash. 2 Borrowed $54,000 by issuing bonds. 3. Purchased delivery trucks for
1 Issued shares of common stock to investors in exchange for $149,000 in cash. 2 Borrowed $54,000 by issuing bonds. 3. Purchased delivery trucks for $64.000 cash. 4. Received $15,000 from customers for services performed. 5. Purchased supplies for $4,800 on account. 6. Paid rent of $5,400. 7. Performed services on account for $10,700. 8. Pald salaries of $27.500. 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 lillustration 3-4 for example.) Assets Accounts + Receivable Cash Supplies + Equipment (1) $ $ $ (2) (3) (4) (5) (6) (8) (9) $ $ $
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