153-33 During 2010, its first year of operations as a delivery service, Leonie Corp. Detennine e'ectof entered into the following transactions. trunsactions on basic 1. Issued shares of common stock to investors in exchange for $80,000 in cash. accounting equation. 2. Borrowed $65,000 by issuing bonds. ($00.10 Purchased delivery trucks for $60,000 cash. Received $16,000 from customers for services provided. Purchased supplies for $4,700 on account. Paid rent of $5,200. Performed services on account for $10,000. Paid salaries of $28,000. Paid a dividend of $11,000 to shareholders. Instructiam Using the following tabular analysis, show the effect of each transaction on the account- ing equation. Put explanations for changes to Stockholders' Equity in the right-hand mar- gin. Use Illustration 3-3 (page 110) as a model. PPHP'E"PP' Assets Liabilities + Stockholders' Equity Accounts Equip Accounts Bonds Conn-non Retained Earnings Cash + Receivable + Supplies + meat Payable + Payable + Stock + Revenues Expenses Dividends