Question
During 2017, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions. 2. 3. 4. 5. 6. 7. 8.
During 2017, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions. 2. 3. 4. 5. 6. 7. 8. 9. Issued shares of common stock to investors in exchange for 5145,000 in cash. Borrowed $48,000 by issuing bonds. Purchased delivery trucks for $54,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $4,300 on account. Paid rent of 54.800. Performed services on account for $11.600. Paid salaries of $27.200. Paid a dividend of $10.000 to shareholders. 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, Liablity or Equity item that was reducsd, see INustration 3-3 for example)
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