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question 2 of 12 > -11 ew Policies arrent Attempt in Progress During 2022, its first year of operations as a delivery service, Cheyenne Corp.
question 2 of 12 > -11 ew Policies arrent Attempt in Progress During 2022, its first year of operations as a delivery service, Cheyenne Corp. entered into the following transactions. 1. 2 3. 4. 5. Issued shares of common stock to investors in exchange for $144,000 in cash. Borrowed $45,000 by issuing bonds. Purchased delivery trucks for $52,000 cash. Received $16,000 from customers for services performed. Purchased supplies for $6,300 on account. Paid rent of $5,800 Performed services on account for $11.900. Paid salaries of $27.400. Paid a dividend of $10.700 to shareholders. ing the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to ckholders' Equity in the far right column. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a Botive sign for parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced, see Illustration for example) Assets Cash Accounts + Receivable Supplies + Equipment
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