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During 2025, its first year of operations as a delivery service, Oriole Corp. entered into the following transactions. 1. Issued shares of common stock
During 2025, its first year of operations as a delivery service, Oriole Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $144,000 in cash. 2. Borrowed $45,000 by issuing bonds. 3. Purchased delivery trucks for $52,000 cash. 4. Received $16,000 from customers for services performed. 5. Purchased supplies for $6,300 on account. 6. Paid rent of $5,800. 7. Performed services on account for $11,900. 8. Paid salaries of $27,400. 9. Paid a dividend of $10,700 to stockholders. +A +A Cash + Receivable + Supplies + Equipment (1) (2) Accounts +A (3) (4) (5) (6) (7) (8) 16 SA +A $ Equipment SA Accounts Payable Bonds Common + Payable + Stock + A A Bonds Common Payable + Stock + Revenues A Expenses Retained +A Revenues A Expenses Dividends $ $ $ > >
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