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Exercise 3-3 Your answer is partially correct. Try again. During 2017, its first year of operations as a delivery service, Ayayai Corp. entered into the
Exercise 3-3 Your answer is partially correct. Try again. During 2017, its first year of operations as a delivery service, Ayayai 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 truckss for $53,000 cash. vices performed. 5, Purchased sunplies for s3.700 on account. 6. Paid rent of $5,400 7. Performed services on account for $10.800. 9. Paid a dividend of $10,000 to shareholders. Using hilitie Shockholdere Eauiby placa eative sign lor aaontherarli frnnt of the amount anterad for t fa 4sset. Liabiltity ar Fauity tem that ws dundcon Tilrrtration 7 example.) Stockholders' Equity Liabilities Assets Co Stock Retained Earnings Cash Supplies eeble Equipment Pavable Receivable Dividends Expenses Revenues (1) T Issued Stock 173,000 173,000 Dividends (2) 50,000 50,000 (3) Salaries and Wages Exp 53,000 53,000 Service Revenue (4 14,000 14,000 (5) 3,700 3,700 Salaries and Wages Exp (6) (5,400) (5,400) Rent Expense (7) 10,800 10,800 Service Revenue (8) Salaries and Wages Expi (26,700) (26,700) (10,000) Dividends (10,000) (9 53,000 247,900 10,800 3,700 3,700 50,000 173,000 24,800 (32,100 (10,000) Issued Stock Dividends X T salarios and IWacos Exnonce Issued Stock Service Revenue Rent Expense Salaries and Wages Expense Dividends Rent Expense Service Revenue Salaries and Wages Expense Dividends
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