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WPLUS Return to Blackboard Kimmel, Survey of Accounting, le Help System Announcements CALCULATOR PRINTER VERSION BACK NE Duning 2017, its first year of operations as

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WPLUS Return to Blackboard Kimmel, Survey of Accounting, le Help System Announcements CALCULATOR PRINTER VERSION BACK NE Duning 2017, its first year of operations as a delivery service, Pina Colada Corp, entered into the following transactions. 1. Tsued shares of common stock to Investors in exchange for $149,000 in cash. 2 Borrowed $48,000 by Issuing a note. 3. Purchased delivery trucks for $58,000 cash. 4. Received $15,000 from customers for services performed 5. Purchased supplies for $4,000 on account. 6. Paid rent of $4,700 7. Performed services on account for $10,800 B. Pald salaries of $27,400. 9. Paid a dividend of $11,100 to shareholders. Using the following tabular analysis show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right hand column. (If a transac decrease in Assets, Liabilities ar Stockholders' Equity, place a negative sign (or parentheses) in front of the amount stered for the particular Asset, Llability or Equity item tha Assets Llabilities Stockholders' Equity Accounts Accounts Notes Common Cash Receivable Supplies Equipment Payable Payable Stock Retained Earnings Revenues Expenses Dividends + $ $ $ $ $ $ (2) (3) (5) 1 (6) (2) (8) 19

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