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Exercise 3-03 Your answer is partially correct. Try again During 2022, its first year of operations as a delivery service, Ayyal Corp. entered into the
Exercise 3-03 Your answer is partially correct. Try again During 2022, its first year of operations as a delivery service, Ayyal Corp. entered into the following transactions 1. Issued shares of common stock to investors in exchange for $173,000 in cash 2. Borrowed $50.000 by Issuing bonds 3. Purchased delivery trucks for $53,000 cash 4. Received $14,000 from customers for services performed 5. Purchased supplies for $3,700 on account. 6. Paid rent of $5,400. 7. Performed services on account for $10,800. 8. Paid salaries of $26,700. 9. Paid a dividend of $10,000 to shareholders Using the following tabular analy , show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far right column (If a transaction Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced see ustration for example Stockholders' Equity Liabilities Accounts Hands Payable + Payable + Accounts + Receivable + Supplies - Equipment Cash Common Stock Retained Earnings Expenses - Dividends Pald Dividends Rent Expense 9 3 Salaries and Wages Expense 3 3 3 3 32.100 Click if you would like to show Work for this question on how
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