Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to revenues or expenses in the right-hand margin. Use Illustration 3.4 as a model. AccountsAssetsAccountsGash+Receivable+Equipment=LiabilitiesCommon=Payable+Stock+RevenuesExpensesDividends Determine effect of transactions on basic accounting equation. E3.3 ( LO1 ), AP During 2025, its first year of operations as a delivery service, Persimmon Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $45,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $16,000 from customers for services performed. 5. Purchased supplies for $4,700 on account. 6. Paid rent of $5,200. 7. Performed services on account for $10,000. 8. Paid salaries of $28,000. 9. Paid a dividend of $11,000 to stockholders. Instructions Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the right-hand margin. Use Illustration 3.4 as a model. Equip-AssetsCash+Receivable+Supplies+ment=AccountsLiabilities+AccountsStockholdersEquity=Payable+Payable+Stock+RevenuesExpensesDi Analyze transactions and compute net income