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During 2022 , its first year of operations as a delivery service, Marin Corp. entered into the following transactions. 1. Issued shares of common stock

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During 2022 , its first year of operations as a delivery service, Marin Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $84,000 in cash. 2. Borrowed $37,800 by issuing a note. 3. Purchased delivery trucks for $50,400 cash. 4. Performed services for customers for $13,440cash. 5. Purchased supplies for $3,948 on account. 6. Paid rent of $4,368. 7. Performed services on account for $8,400. 8. Paid salaries of $23,520. 9. Paid a dividend of $9,240 to shareholders. 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 margin, (If a transaction results in 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.) Question 2 of 3 15 (2) (3) (4) (5) (6) (7) (8) (9) $ $ 5 5. Liabilities +5+ Stockholders' Equity (2) (3) (4) (5) (6) (7) (B) (9) 5

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