Question: Your answer is partially corred. Try again. CALCULATOS PRINTER VERSION RACK NEXT During 2022, Indigo Corporation entered into the following transactions 1. Borrowed $59,500 by
Your answer is partially corred. Try again. CALCULATOS PRINTER VERSION RACK NEXT During 2022, Indigo Corporation entered into the following transactions 1. Borrowed $59,500 by issuing bonds. 2. Paid $8,680 cash dividend to stockholders. 3. Received $12,300 cash from a previously billed customer for services performed 4. Purchased supplies on account for $3,500. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, abilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced. See Illustration 4 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Accounts Payable + Bonds Payable + Common Stock + Dividends Cash + Accounts Receivable + Supplies (1) 59,000 59,500 8.680 (2) 8,680 12,300 12,300 3.500 3.500 Click if you would like to show Work for this question: On Show Work
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