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During 2022, Marin Corp. entered into the following transactions. 1. Borrowed $50,400 by issuing a note. 2. Paid $7,560 cash dividend to stockholders. 3. Received

During 2022, Marin Corp. entered into the following transactions.

1. Borrowed $50,400 by issuing a note.
2. Paid $7,560 cash dividend to stockholders.
3. Received $10,920 cash from a previously billed customer for services performed.
4. Purchased supplies on account for $2,604.

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.)

Assets

=

Liabilities

+ Stockholders Equity

Retained Earnings

Cash

+

Accounts Receivable

+

Supplies

=

Accounts Payable

+

Notes Payable

+

Common Stock

+

Revenues

-

Expenses

-

Dividends

1.

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

2.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

Paid div
3.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

4.

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

enter a dollar amount

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