Recording Transactions with the Accounting Equation During the year, the Fletcher Company experienced the following accounting transactions: 1. Purchased equipment with cash in the amount of $130,000. 2. Purchased supplies on account in the amount of $16,500. 3. Collected $37,000 cash from customers. 4. Paid a cash dividend of $17,000. Using the accounting equation, record each of the transactions in columnar format using the following template: Note: Use negative signs with your answers, when appropriate. Assets = Liabilities Accounts Accounts Cash + Receivable + Supplies - Equipment = Payable + Stockholders' Equity Retained + Earnings + + + + + + + + + + + + + + + + +