Stockholders' Equity Retained Earnings enues Expenses 17,000.00 11,000.00 4,800.00 29,300.00 Dividends 10.700.00 28,000.00 $ 34,100.00 10,700.00 i Issued Stock Paid Dividends Service Revenue Salaries and Wages Expense Rent Expense Service Revenue Rent Expense Service Revenue Issued Stock 5 Issued Stock Paid Dividends Issued Stock Paid Dividends Salaries and Wages Expense Service Revenue Rent Expense Rent Expense Service Revenue Rent Expense Service Revenue 10,700.00 Issued Stock 10,700.00 Your answer is partially correct During 2025, its first year of operations as a delivery service, Sheridan Corp. entered into the following transactions 1 Issued shares of common stock to investors in exchange for $181.000 in cash 2 Borrowed $54,000 by Issuing bonds. 3. Purchased delivery trucks for $60.000 cash 4 Received $17,000 from customers for services performed. 5. Purchased supplies for $5,800 on account. 6. Paid rent of $4,800. 7. Performed services on account for $11.000 8 Paid salaries of $29.300. 9. Paid a dividend of $10,700 to stockholders. 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.) 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.) Cash (3) $ 181.000.00 38952982 (5) 54,000.00 (60,000.00) 17,000.00 (6) (4,800.00) Assets Accounts Receivable 11.000.00 Supplies Eq 5.800.00 (8) (29.30000) (9) (10,700.00) $ 147,200.00 11.000.00 5,800.00 $ Equipment Accounts Payable 60,000.00 5,800.00 Liabilities Bonds Com Payable St 54,000.00 $ 60,000.00 $ 5.800.00 54,000.00 00 Common Stock 181,000.00 Stockholders' Equity Retained Earnings Revenues Expenses 17.000.00 11,000.00 29,300.00 00 181,000.00 28.000.00 34.100,00