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Show the effect of each transaction on accounting equation

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Question - During 2017, Flint Corporation entered into the following transactions.

1. Borrowed $59,500 by issuing bonds.

2. Paid $9,190 cash dividend to stockholders.

3. Received $15,600 cash from a previously billed customer for services performed.

4. Purchased supplies on account for $4,500.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues. Expenses and Dividends if necessary.

Reference no: EM131663278

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