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During 2022, Culver Corporation entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $9.110 cash dividend to stockholders. 3. Received $19,900

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During 2022, Culver Corporation entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $9.110 cash dividend to stockholders. 3. Received $19,900 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $4,300. Using the following tabular analysis show the effect of each transaction on the accounting equation (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Cash + Accounts Receivable Supplies - Accounts Payable - Bonds Payable (1) $

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