mues i 17,000.00 11,000.00 LA Expenses Retained Earnings Dividends 4.800.00 29,300.00 S Issued Stock i Paid Dividends Service Revenue Salaries and Wages Expense Rent Expense Service Revenue Rent Expense Service Revenue 10,700.00 Issued Stock 28,000.00 34,100.00 10.700.00 During 2025, its first year of operations as a delivery service, Sheridan Corp. entered into the following 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 stockholders. 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.) (1) S (2) Cash 181,000.00 54,000.00 (3) (60,000.00) (4) 17,000.00 (5) GE (6) (4,800.00) (7) (8) (29,300.00) (9) S (10,700.00) Accounts Receivable Assets 11,000.00 Supplies 5,800.00 147,200.00 $ 11.000.00 5,800.00 Equipment 60,000.00 " Accounts Payable 5,800.00 Liabilities Bonds Payable Common Stock 54,000.00 i 181,000.00 60,000.00 5,800.00 54,000.00 $ 181,000,00 Revenues i 17,000.00 11,000.00 i 28,000.00 10 Stockholders' Equity Retained Earnings Expenses 4,800.00 29,300.00 Dividends 10,700.00 34,100.00 10,700.00 i Issued Stock Paid Dividends Issued Stock Paid Dividends Salaries and Wages Expense Service Revenue Rent Expense Rent Expense Service Revenue Rent Expense Service Revenue Issued Stock