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4 . Received $18,000 from customers for services performed Purchased supplies for $3,600 on account. Paid rent of $4,700. 7. Performed services on account for $11,700. Paid salaries of $28,200 Paid a dividend of $11,700 to shareholders. 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, see Illustration 3-4 for example.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ $ Issued Stock Service Revenue Issued Stock Paid Dividends Service Revenue Rent Expense Salaries and Wages Expense e Textbook and Media here to search OQuestion 2 of 12 View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Sheffield Corp, entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. Received $18,000 from customers for services performed. Purchased supplies for $3,600 on account. Paid rent of $4,700. Performed services on account for $11,700. Paid salaries of $28,200. Paid a dividend of $11,700 to shareholders. 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 for 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 Cash Receivable Supplies + Equipment (1) 195,000 (2) $6000 (3) $1,000 ( 4 ) 18,000 (5) 3600 4700 (8) 4700 (7) 11,700 (83 ) 28,000 (9) 11,700 1:1,700 4700 $ 163400 dintbook and Media https://assessment.education.wiley.com/was/ui OQuestion 2 of 12 View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. Received $18,000 from customers for services performed. 5 . Purchased supplies for $3,600 on account. 6 . Paid rent of $4,700. 7 . Performed services on account for $11,700. 8. Paid salaries of $28,200. Paid a dividend of $11,700 to shareholders. 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, see Illustration 3-4 for example.) Liabilities Accounts Bonds Common Payable Payable Stock 195,000 46000 51,000 $ e Textbook and Media O 9 to searchQuestion 2 of 12 View Policies Current Attempt in Progress During 2022, its first year of operations as a delivery service, Sheffield Corp. entered into the following transactions. SWNP Issued shares of common stock to investors in exchange for $195,000 in cash. Borrowed $46,000 by issuing bonds. Purchased delivery trucks for $51,000 cash. UT Received $18,000 from customers for services performed. Purchased supplies for $3,600 on account. Paid rent of $4,700. :0 00 Performed services on account for $11,700. Paid salaries of $28,200. Paid a dividend of $11,700 to shareholders. 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, see Illustration 3-4 for example.) Stockholders' Equity Retained Earnings Revenues Expenses Dividends $ Issued Stock Service Revenue e Textbook and Media