Question
During 2022, Kingbird Corp. entered into the following transactions. 1. 2 3. Borrowed $48.000 by issuing a note. Paid $7,200 cash dividend to stockholders.
During 2022, Kingbird Corp. entered into the following transactions. 1. 2 3. Borrowed $48.000 by issuing a note. Paid $7,200 cash dividend to stockholders. Received $10,400 cash from a previously billed customer for services performed. Purchased supplies on account for $2,480. Required Using the tabular analysis, show the effect of each transaction on the accounting equation. For retained earningsi use separate columns for revenues, expenses, and dividends if necessary.
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
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