During $2025,$ Wildhorse Corp. entered into the following transactions.

$1.$ Borrowed $$61,000$ by issuing bonds.

$2.$ Paid $$9,350$ cash dividend to stockholders.

$3.$ Received $$18,800$ cash from a previously billed customer for services performed.

$4.$

Purchased supplies on account for $$4,800.$

Using the following tabular analysis, show the effect of each transaction on the accounting equation. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$

Answer rating: 100% (QA)

Assets Liabilities Stockholders Equit... View the full answer