Ch 0: Homework Question 2 of 13 -11 View Policies Current Attempt in Progress During 2017, its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. 1. 2. 3. 4. 5. Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $3,600 on account. Paid rent of $4,700 Performed services on account for $11,700. Paid salaries of $28,200 Paid a dividend of $11,700 to shareholders. 6. 7. 8. 9. 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 Illustration 3-3 for example.) Assets Cash + Accounts Receivable Supplies Equipment $ $ Homework stion 2 of 13 -/1 = ative sign (or parentheses) In front of the amount entered for the particular Asset, Liability or Equity Item that was reduced, see llustration for example.) Assets Cash Accounts Receivable Supplies Equipment ) $ 4) I 5) 6) 17) (8) (9) $ $ $ e Textbook and Media