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-/15 Question 1 of 13 View Policies Current Attempt in Progress During 2017, Sarasota Corp. entered into the following transactions. 1 2 Borrowed $58,100 by

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-/15 Question 1 of 13 View Policies Current Attempt in Progress During 2017, Sarasota Corp. entered into the following transactions. 1 2 Borrowed $58,100 by issuing bonds. Paid $8,960 cash dividend to stockholders, Received $14,200 cash from a previously billed customer for services performed Purchased supplies on account for $4,200. 3. 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. (la 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 3-3 for example.) Assets Accounts Receivable Llabilities Bonds Payable Supplies Accounts Payable $ $ $ 58.10 4.200 200

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