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

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During 2022, its first year of operations as a delivery service, Concord Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $181,000 in cash. 2. Borrowed $54,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $5,800 on account. 6. Paid rent of $4,800. 7. Performed services on account for $11,000. 8. Paid salaries of $29.300. 9. Paid a dividend of $10,700 to shareholders: Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for Stockholders' Equity in the far right column. (If a transaction causes a decrease In Assets, Llabilitles or Stockholders' Equity, ploce sign (or parentheses) In front of the amount entered for the particular Asset, Llabillty or Equlty ltem that was reduced, see Illustratior example.) sign (or parentheses) In front of the amount entered for the particular Asset, Llablilty or Equily ltem that was reduced, see illustr. examples) Stockholders' Equity in the far right column. (If a transaction causes a decreality or Equity ltem that was reduced, see Illustro sign (or parentheses) in front of the amount entered for the partlcular Asset, Llablity or Equ exmple.) Stockholders' Equity Retained Earnings Stockholders' Equity Retained Earnings Service Revenue Rent Expense 5alaries and Wages Expense Paid Dividends lisuiedstock (2) (3) (4) (5) (6) (7) (8) (9)

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