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Assets (1) (2) (3) (4) (5) (6) (7) (8) (9) +$AccountsReceivable During 2027, its first year of operations as a delivery service, Teal Mountain Corp.
Assets (1) (2) (3) (4) (5) (6) (7) (8) (9) +$AccountsReceivable During 2027, its first year of operations as a delivery service, Teal Mountain Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $98,000 in cash. 2. Borrowed $44,100 by issuing a note. 3. Purchased delivery trucks for $58,800 cash. 4. Performed services for customers for $15,680 cash. 5. Purchased supplies for $4,606 on account. 6. Paid rent of $5,096. 7. Performed services on account for $9,800. 8. Paid salaries of $27,440. 9. Paid a dividend of $10,780 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin
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