During 2014, Damon Corp. entered into the following transactions.
Borrowed $60,000 by issuing bonds.
Paid $9,000 cash dividend to stockholders.
Received $13,000 cash from a previously billed customer for services performed.
Purchased supplies on account for $3,100.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders€™ Equity in the right hand margin For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. Use Illustration 3-3 (page 110) as amodel.

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Liabiliies Accounts Bonds -Liabilities Stockholders' Equity Retained Payable + Payable + Stock + Earnings Assets Accounts Common Cash + Receivable + Supplies