Your answer is partially correct. During 2027, its first year of operations as a delivery service, Splish Brothers Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $116,000 in cash. 2. Borrowed $52,200 by issuing a note. 3. Purchased delivery trucks for $69,600 cash. 4. Performed services for customers for $18,560 cash. 5. Purchased supplies for $5,452 on account. 6. Paid rent of $6,032. 7. Performed services on account for $11,600. 8. Paid salaries of $32,480. 9. Paid a dividend of $12,760 to shareholders. 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. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. Your answer is partially correct. During 2027, its first year of operations as a delivery service, Splish Brothers Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $116,000 in cash. 2. Borrowed $52,200 by issuing a note. 3. Purchased delivery trucks for $69,600 cash. 4. Performed services for customers for $18,560 cash. 5. Purchased supplies for $5,452 on account. 6. Paid rent of $6,032. 7. Performed services on account for $11,600. 8. Paid salaries of $32,480. 9. Paid a dividend of $12,760 to shareholders. 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. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses