Recording transactions with equation

Recording Transactions with the Accounting Equation During the year, the Decker Company experienced the following accounting transactions: 1. Issued common stock in the amount of $200,000 2. Paid a $60,000 cash dividend 3. Borrowed $50,000 from a bank 4. Made a principal payment of $5.000 on an outstanding bank loan 5. Made an interest payment of $2.400 on an outstanding bank loan Using the accounting equation, record each of the transactions in columnar format using the following template: Use negative signs with answers, when appropriate. Assets Liabilities Stockholders' Equity - Notes payable Common stock Retained earnings Cash 1s 200,000 $ 0 V 200,000 $ 2 s (60,000) 3 s (5,000) 4 (5,000) S (2,400) o S (60,000) (5,000) xs o s (5,000) x 0 (2,400)