Exercise 3-3 During 2022,its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $195,000 in cash. 2. Borrowed $46,000 by issuing bonds. 3. Purchased delivery trucks for $51,000 cash. 4. Received $18,000 from customers for services performed. 5. Purchased supplies for $3,600 on account. 6. Paid rent of $4,700. 7. Performed services on account for $11,700. 8. Paid salaries of $28,200. 9. Paid a dividend of $11,700 to shareholders.

Question 2 of 12 -/1 View Policies Current Attempt in Progress During 2022, its arst year of operations as a delivery service, Shelfeld Corp entered into the following transactions 1 4 Issued shares of common stock to investors in exchange for $195,000 in cash Borrowed $46,000 by issuing bonds Purchased delivery trucks for $51.000 cash Received $10,000 from customers for services performed Purchased supplies for $3.000 on account $ Paid rent of $4,700 Performed services on account for $11,700 Pald salaries of $28,200 Palda dividend of $11,700 to shareholders 6 7 23 Using the following tabular analysis, show the effect of each eransaction on the accounting equation. Put explanations for changes to Stockholders'Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity placea negatives for rentheses) in front of the amount entered for the articular Asset, ability or Equity Item that was reduced, see ustration 3. Per exemple) Assets Accounts + Rexelvable Cash + Supplies + Equipment $ 3 $ (1) $ 195.000 (2) AVO 3) 51.000 18 3 (5) 4700 (6) 4700 11,700 (7) (8) 20.000 19) 1,700 11.00 $ 4700 $ 163400 extbook and Media https//assessment.education wiley.com During 2022, its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. 1. 3 4. 5. Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. Received $18.000 from customers for services performed. Purchased supplies for $3,600 on account. Paid rent of $4,700. Performed services on account for $11.700. Paid salaries of $28,200. Paid a dividend of $11.700 to shareholders. 6. 7. 8. 9. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to tockholders' Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a legative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced, see Illustration -4 for example.) Liabilities Accounts Payable Bonds Payable Common + Stock Revenues $ $ $ 195.000 $ 46000 $ $ $ $ View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Sheffield Corp.entered into the following transactions. 1. 2. 3. 4. 5. 6. 7. 8. 9. Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $3,600 on account. Paid rent of $4.700. Performed services on account for $11.700. Paid salaries of $28,200. Paid a dividend of $11.700 to shareholders. Using the following tabular analysis, 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 causes a decrease in Assets, Liabilities or Stockholders' 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 Illustration 3-4 for example.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ $ Issued Stock Service Revenue $ $ Question of Atmin Progress este operations de cheie contered into the nation Issued shares of stock to mesto in angel 125 inch Borrowed 6,000 by issuing de Purchased delivery trucksto 51.000 cash Received 1800 from customer services formed Purchased supplies to $300 on 4 Perfomed services Count $11.700 Paid salaries of $28200 Paid a dividendos to shareholders Using the following tabulae analysis show the effect of each transaction on the accounting equation Potenstanations for changes to Stockholders' Equity in the far right column (coses adrese in Aves Liaise Stockholm egotike sign or rentheses) in front of the mantenere the Asset Lily Item that was rewart 34 Stockholders. Equity Retained Earnings Didents Revenues $ Service Rent sued to Puteh exibook and Media