Question: Current Attempt in Progress Sage Hill Corp, entered into the following transactions. 1. Borrowed $52,800 by issuing a note. 2. Paid $7,920 cash dividend to
Current Attempt in Progress 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 previousty billed customer for services performed. 4. Purchased supplies on account for $2,728. Using the following tabular analysis, show the effect of each fransaction on the Scooulating equationf for cetained oamings, ese. separate columns for revenues, expenses. and dividenos if necessary (tfo transaction vesulits in a decreose in Assets, Liabialities or. Stockhoiders Equity, place a negative sign (or parentheses) in front of the amount enternd for the porticular Asset. Labilicy or Equity item thut was reduced.)
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