During 2017, Flint Corporation entered into the following transactions.

1.		Borrowed $59,500 by issuing a note.
2.		Paid $9,190 cash dividend to stockholders.
3.		Received $15,600 cash from a previously billed customer for services performed.
4.		Purchased supplies on account for $4,500.

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. (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.)

Assets

=

Liabilities

+

Stockholders Equity

Cash

+

Accounts Receivable

+

Supplies

=

Accounts Payable

+

Notes Payable

+

Common Stock

+

Retained Earnings

(1)

$

$

$

$

$

$

$

(2)

Paid dividend

(3)

(4)

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