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During 2022, Kingbird Corp. entered into the following transactions. 1 Borrowed $48,000 by issuing a note. 2. Paid $7,200 cash dividend to stockholders. 3.
During 2022, Kingbird Corp. entered into the following transactions. 1 Borrowed $48,000 by issuing a note. 2. Paid $7,200 cash dividend to stockholders. 3. Received $10,400 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2.480. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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