Question 2 During 2025, its first year of operations as a delivery service, Crane Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $115,000 in cash. Borrowed $38,000 by issuing bonds. Purchased delivery trucks for $55,000 cash. Received $17,000 from customers for services performed. Purchased supplies for $6,700 on account. Paid rent of $6,000, Performed services on account for $10,400. Paid salaries of $29,600. Paid a dividend of $10,500 to stockholders. 2. 3. 4. 5 6. 7. 8. 9. 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) (2) (3) (4) (5) (6) (7) $ Cash III $ Accounts Receivable Assets $ Supplies III III $ Equipment Accounts Payable Liabilities Bonds Payable Common Stock $ Revenues III Stockholder Expense

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