Question: Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far-right


Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the far-right column. (If a transaction causes a decrease in Assets, Labilitles or Stockholders' Equilty, place a negat ive sign (or parentheses) in front of the amount entered for the particular Asset, Lability or Equilty item that was reduced.) During 2025, its first year of operations as a delivery service, Crane Corp. entered into the following transactions. 1 Issued shares of common stock to investors in exchange for $115,000 in cash. 2. Borrowed $38,000 by issuing bonds. 3. Purchased dellivery trucks for $55,000 cash. 4. Received $17,000 from customers for services performed. 5. Purchased supplies for $6,700 on account. 6. Paid rent of $6,000. 7. Performed services on account for $10,400. 8. Paid salaries of $29,600. 9. Paid a dividend of $10,500 to stockholders
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