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Question 6 of 7 View Policies Current Attempt in Progress -/1 E During 2022, its first year of operations as a delivery service, Teal
Question 6 of 7 View Policies Current Attempt in Progress -/1 E During 2022, its first year of operations as a delivery service, Teal Mountain Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $98,000 in cash. 2. Borrowed $44,100 by issuing a note. 3. Purchased delivery trucks for $58.800 cash 4 Performed services for customers for $15,680 cash 5. Purchased supplies for $4,606 on account. 6 Paid rent of $5,096. 7. Performed services on account for $9.800. 8. Paid salaries of $27,440. 9. Paid a dividend of $10,780 to shareholders. 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. (If a transaction results in 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.) Question 6 of 7 revenues or expenses in the right-hand margin. (If a transaction results in a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Cash Accounts Receivable i Supplies Equipment (1) $ $ (2) (30 (4) (5) 89% (8) (7) (6) (9) MacBook Pro
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