Kimmel, Accounting, 6e Gradebook ORION Downloadable eTextbook ent CALCULATOR Exercise 3-3 During 2017, its first year of operations as a delivery service, Concord Corporation entered into the folowing transactions 1. Issued shares of common stock to investors in exchange for $181,000 in cash. 2. Borrowed $54,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $17,000 from customers for services performed 5. Purchased supplies for $5,800 on account. 6. Paid rent of $4,800 7. Performed services on account for $11,000. 8. Paid salaries of $29,300. 9. Paid a dividend of $10,700 to shareholuers. 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, negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or Eouity item that was reduced, see tWustration 3-3 for example.) Assets Liabilities Stockholders' Equity Cash Accounts Receivable + Supplies + EquipmentAccounts Payable+Bonds Payable + Common Stock + Retained Earnings Revenues Expenses Dividends (1)181,000 181,000s issued Stock 54000 235000 -6,000 54000 Service Revenue 181,000 6,000 Service Revenue PrivaerPoisy 1 2008-2018 lehnwiu 5Sons,.Inc. All Rights Reserved, A Division of