Question: Acquired $ 3 4 , 0 0 0 cash by issuing common stock Borrowed $ 2 0 , 0 0 0 cash from a creditor

Acquired $34,000 cash by issuing common stock
Borrowed $20,000 cash from a creditor
Provided services to customers for $30,000 cash
Paid $22,900 cash for operating expenses
Paid a cash dividend of $3,600 to stockholders
Purchased land with cash, $30,000
Required:
Show how each of these events affects the accounting equation. The first event is done as an example.
Calculate the total amount of assets, liabilities, common stock, and retained earnings at the end of the period.

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