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During 2017, its first year of operations as a delivery service, Riverbed Corp entered into the following transactions. Issued shares of common stock to investors
During 2017, its first year of operations as a delivery service, Riverbed Corp entered into the following transactions. Issued shares of common stock to investors in exchange for $146,000 in cash. 1. Borrowed $45,000 by issuing a note. 2. Purchased delivery trucks for $63,000 cash. 3. Received $15,000 from customers for services performed. 4. Purchased supplies for $5,000 on account. 5. Paid rent of $5,900 6. Performed services on account for $10,700. 7. Paid salaries of $27,400 8. Paid a dividend of $10,100 to shareholders. 9. 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 column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount hat was enter
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