$$

Your answer is partially correct.

During $2025,$ its first year of operations as a delivery service, Crane Corp. entered into the following transactions.

Issued shares of common stock to investors in exchange for $$121,000$ in cash.

Borrowed $$38,000$ by issuing bonds.

Purchased delivery trucks for $$64,000$ cash.

Received $$16,000$ from customers for services performed.

Purchased supplies for $$3,200$ on account.

Paid rent of $$5,300.$

Performed services on account for $$11,700.$

Paid salaries of $$28,900.$

Paid a dividend of $$10,800$ to stockholders.

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 transact in 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.$)$

Assets

Cash

Accounts

Receivable

$+,$ Supplies

$+,$ Equipme

$(1)$

$

$

$