Exercise 3-3 During 2017, its first year of operations as a delivery service, Flint Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $107,000 in cash. 2. Borrowed $52,000 by issuing bonds. 3. Purchased delivery trucks for $67,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $5,700 on account. 6. Paid rent of $4,400. 7. Performed services on account for $10,500. 8. Paid salaries of $28,800. 9. Paid a dividend of $10,400 to shareholders. Exercise 3-3 During 2017, its first year of operations as a delivery service, Flint Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $107,000 in cash. 2. Borrowed $52,000 by issuing bonds. 3. Purchased delivery trucks for $67,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $5,700 on account. 6. Paid rent of $4,400. 7. Performed services on account for $10,500. 8. Paid salaries of $28,800. 9. Paid a dividend of $10,400 to shareholders