During 2018, its first year of operations as a delivery service, Blossom Corp. entered into the following transactions. The fiscal year end for Ivanhoe is December 31.

Indicate the effect of each transaction on the accounting equation.

1. 2. 3. Issued common shares to investors in exchange for $ 109,000 in cash. Borrowed $ 41,000 cash from the bank, due 2020. Purchased delivery vehicles for $ 56,000 cash. Received $ 25,000 from customers for services provided. Purchased supplies for $4,500 on account. Paid rent of $ 6,000 Performed services on account for $9,000. Paid salaries of $ 26,000. 5. 6. 7. 8. 9. Declared and paid a dividend of $ 10,000 to shareholders. Paid income taxes of $ 400 for the month 10. Assets Accounts Receivable Cash Supplies $ Liabilities Supplies + Vehicles Accounts Payable $ Liabilities Accounts Payable Bank Loan Payable Common Shares $ $ Shareholders' Equity Retained Earnings Common Shares + Revenues Expenses $ $ I Shareholders' Equity Retained Earnings Revenues Expenses Dividends Declared $