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. Module 3, Chapter 3 Handout The Accounting Information System E3.6 During 2022, its first year of operations as a delivery service, Persimmon Corp.
. Module 3, Chapter 3 Handout The Accounting Information System E3.6 During 2022, its first year of operations as a delivery service, Persimmon Corp. entered into the following transactions 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $45,000 by issuing a note. 3. Purchased delivery trucks for $60,000 cash 4. Performed services for customers for $16,000 cash 5. Purchased supplies for $4,700 on account. 6. Paid rent of $5,200. 7. Performed services on account for $10,000 8. Paid salaries of $28,000. 9. Paid a dividend of $11,000 to shareholders. Instructions Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. Stockholders' Equity Assets Liabilities Accounts Cash Receivable Supplies + Equipment Accounts Notes Payable Payable Common Stock Retained Earnings Revenues Expenses Dividends
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