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During 2022, its first year of operations as a delivery service, Flint Corporation entered into the following transactions. 1 2 3. Issued shares of common
During 2022, its first year of operations as a delivery service, Flint Corporation entered into the following transactions. 1 2 3. Issued shares of common stock to investors in exchange for $ 107,000 in cash. Borrowed $ 52,000 by issuing bonds. Purchased delivery trucks for $ 67,000 cash. Received $ 14,000 from customers for services performed. Purchased supplies for $5,700 on account. Paid rent of $4,400 Performed services on account for $ 10,500 5. 6. 7. 8 Paid salaries of $ 28,800. 9. Paid a dividend of $ 10,400 to shareholders. Accounts + Receivable Cash Supplies + Equipment (1) $ (2) (3) (4) (5) (6) (7) (8) (9) Accounts Payable Bonds Payable Common + Stock Revenues $ S $ $ Retained Earnings Revenues Expenses Dividends $ $
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