1. 2. During 2022, Larkspur Corp. entered into the following transactions. 1. Borrowed $75,600 by issuing...
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1. 2. During 2022, Larkspur Corp. entered into the following transactions. 1. Borrowed $75,600 by issuing a note. 2. Paid $11,340 cash dividend to stockholders. 3. Received $16,380 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,906. 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 entered for the particular Asset, Liability or Equity item that was reduced.) 3. 4. Assets Cash Accounts Receivable Supplies Accounts Payable Liabilities Notes Payable Common Stock Revenues Stockholders' Equity Retained Earnings Expenses $ Dividends Paid div 1. 2. During 2022, Larkspur Corp. entered into the following transactions. 1. Borrowed $75,600 by issuing a note. 2. Paid $11,340 cash dividend to stockholders. 3. Received $16,380 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $3,906. 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 entered for the particular Asset, Liability or Equity item that was reduced.) 3. 4. Assets Cash Accounts Receivable Supplies Accounts Payable Liabilities Notes Payable Common Stock Revenues Stockholders' Equity Retained Earnings Expenses $ Dividends Paid div
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