Question 8 of 9 < > View Policies Current Attempt in Progress During 2022, its first...
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Question 8 of 9 < > View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Tamarisk Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $96,000 in cash. 1. 2. Borrowed $43,200 by issuing a note. 3. Purchased delivery trucks for $57,600 cash. 4. Performed services for customers for $15,360 cash. 5. Purchased supplies for $4,512 on account. 6. Paid rent of $4,992. 7. Performed services on account for $9,600. 8. Paid salaries of $26,880. 9. Paid a dividend of $10,560 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. hot explanations for chang revenues or expenses in the right-hand margin. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Type here to search O Question 8 of 9 < > View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Tamarisk Corp. entered into the following transactions. Issued shares of common stock to investors in exchange for $96,000 in cash. 1. 2. Borrowed $43,200 by issuing a note. 3. Purchased delivery trucks for $57,600 cash. 4. Performed services for customers for $15,360 cash. 5. Purchased supplies for $4,512 on account. 6. Paid rent of $4,992. 7. Performed services on account for $9,600. 8. Paid salaries of $26,880. 9. Paid a dividend of $10,560 to shareholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. hot explanations for chang revenues or expenses in the right-hand margin. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Type here to search O
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