During 2022, Martinez Corp. made the following transactions.

1.		Borrowed $60,100 by issuing bonds.
2.		It paid a cash dividend of $9,480 to shareholders.
3.		Received $18,500 in cash from a previously billed customer for services rendered.
4.		Purchased supplies on account for $4,600.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. 

		Assets					=	Passive			+	stockholders' equity
		Money	+	accounts receivable	+	supplies	=	Accounts payable	+	Obligations with the public	+	Common actions	+	Retained earnings Dividends
)		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

Answer rating: 100% (QA)

Effect of each transaction on the accounting equation Assets Lia... View the full answer