Question: Current Attempt in Progress During 2022, Sage Hill Corp. entered into the following transactions. 1. Borrowed $52,800 by issuing a note. 2. Paid $7,920

Current Attempt in Progress During 2022, Sage Hill Corp. entered into the

Current Attempt in Progress During 2022, Sage Hill Corp. entered into the following transactions. 1. Borrowed $52,800 by issuing a note. 2. Paid $7,920 cash dividend to stockholders. 3. Received $11,440 cash from a previously billed customer for services performed. 4. Purchased supplies on account for $2,728. 13 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.) 1. $ 2. 3. Assets Cash Accounts Receivable + $ 69 $ Supplies C C Accounts Payable A 69 $ C A C A

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