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ogress 1. 2. 3. During 2022, its first year of operations as a delivery service, Whispering Winds Corp. entered into the following transactions. Issued shares
ogress 1. 2. 3. During 2022, its first year of operations as a delivery service, Whispering Winds Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $149,000 in cash. Borrowed $54.000 by issuing bonds. Purchased delivery trucks for $64,000 cash. Received $15,000 from customers for services performed. Purchased supplies for $4,800 on account Paid rent of $5,400 Performed services on account for $10,700, Paid salaries of $27.500 Paid a dividend of $11.700 to shareholders. 4. 5. 6. 7. 8 9. Using the following tabular analysis show the effect of each transaction on the accounting equatio 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, see Illustration 3-4 for example.) Assets Accounts + Receivable Cash Supplies + Equipment $ (2) 2 # 3 $ 4. % 5 6 7 8 9 0 E R T . Y U A S. 2 place a negative sign for parentheses front of the amount enrerea for the particular Asset, Liety or Equity item that was reduced, see Illustration 3-4 for example.) Assets Cash Accounts + Receivable Supplies + Equipment (1) $ $ (2) (3) 15) (6) (7) 18 193 5 e Textbook and Media Attempts: 0 of 3 used % 5 3 2 7 W E R Y A D S F G K K . Z V B N
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