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During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1 Issued shares of common stock
During 2022, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1 Issued shares of common stock to investors in exchange for $115,000 in cash. 2 Borrowed $38,000 by issuing bonds. 3. Purchased delivery trucks for $55,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $6,700 on account 6. Paid rent of $6,000 7. Performed services on account for $10,400. B. Paid salaries of $29,600. 9. Paid a dividend of $10,500 to shareholders. see illustration 3-4 for example) Assets Liabilities Accounts Receivable Accounts Payable Bonds Payable Cash + Equipment Supplies 115000 38000 33 G eTextbook and Media Attempts: 6 of 3 used before Submit
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