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During 2022, Sage Hill Corp. entered into the following transactions 1 Borrowed $52,800 by issuing a note. 2 Paid $7,920 cash dividend to stockholders .
During 2022, Sage Hill Corp. entered into the following transactions 1 Borrowed $52,800 by issuing a note. 2 Paid $7,920 cash dividend to stockholders . 3 Received $11,440 cash from a previously billed customer for services performed. 4 Purchased supplies on account for $2,728. 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 Equityplace 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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