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secure ! https://edugen.V ley NileyPLUS Kimmel, Financial Accounting, Be Question 1 During 2017, its first year of operations as a delivery service, Blue Spruce Corp.

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secure ! https://edugen.V ley NileyPLUS Kimmel, Financial Accounting, Be Question 1 During 2017, its first year of operations as a delivery service, Blue Spruce Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $121,000 in cash. 2. Borrowed $38,000 by issuing bonds. 3. Purchased delivery trucks for $64,000 cash. 4. Received $16,000 from customers for services performed 5. Purchased supplies for $3,200 on account. 6. Paid rent of $5,300. 7. Performed services on account for $11,700. 8. Paid salaries of $28,900 9. Paid a dividend of $10,800 to shareholders

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