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In Accounting Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $8,880 cash
In Accounting
Current Attempt in Progress During 2022, Riverbed Corp entered into the following transactions. 1. Borrowed $61,100 by issuing bonds. 2. Paid $8,880 cash dividend to stockholders. 3. Received $18,700 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,600. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (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.) Assets = Liabilities + Stockholders' Equity Cash + Accounts Receivable + + Supplies = Accounts Payable + Bonds Payable + Common Stock Retained Earnings Dividends E EStep by Step Solution
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