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During Borrowed $67,200 by issuing a note. Paid $10,080 cash dividend to stockholders. Received $14,560 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,472. 1. 2. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained for revenues expenses, and dividends if necessary. (If a transaction results in a of the amount entere

During Borrowed $67,200 by issuing a note. Paid $10,080 cash dividend to stockholders. Received $14,560 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,472. 1. 2. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained for revenues expenses, and dividends if necessary. (If a transaction results in a of the amount entere

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 5 of 6 < During Zuzz, namrock Corp. entered into the following transactions. Borrowed $67,200 by issuing a note. Paid $10,080 cash dividend to stockholders. Received $14,560 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,472. 1. 2. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entere for the particular Asset, Liability or Equity item that was reduced.)
Transcribed Image Text:Question 5 of 6 < During Zuzz, namrock Corp. entered into the following transactions. Borrowed $67,200 by issuing a note. Paid $10,080 cash dividend to stockholders. Received $14,560 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,472. 1. 2. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. (If a transaction results in a decrease in Assets, Liabilities or Stockholder's Equity, place a negative sign (or parentheses) in front of the amount entere for the particular Asset, Liability or Equity item that was reduced.)
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