lukecarroll19521
15.02.2021 •
Business
During 2022, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions.
1. Issued shares of common stock to investors in exchange for $119,000 in cash.
2. Borrowed $38,000 by issuing bonds.
3. Purchased delivery trucks for $64,000 cash.
4. Received $15,000 from customers for services performed.
5. Purchased supplies for $6,000 on account.
6. Paid rent of $4,300.
7. Performed services on account for $11,300.
8. Paid salaries of $26,700.
9. Paid a dividend of $10,800 to shareholders.
Required:
Show the effect of each transaction on the accounting equation.
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