Question: make into columns for an accounting ckass During 2 0 2 2 , Metlock Corp. entered into the following transactions. Borrowed $ 6 4 ,
make into columns for an accounting ckass
During Metlock Corp. entered into the following transactions.
Borrowed $ by issuing a note.
Paid $ cash dividend to stockholders.
Received $ cash from a previously billed customer for services performed.
Purchased supplies on account for $
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.
Assets
Cash
Accounts Receivable
Supplies
Accounts Payable
$
$
$
$
During Metlock Corp. entered into the following transactions.
Borrowed $ by issuing a note.
Paid $ cash dividend to stockholders.
Received $ cash from a previously billed customer for services performed.
Purchased supplies on account for $
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.
Assets
Cash
Accounts Receivable
Supplies
Accounts Payable
$
$
$
$
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