During 2022. Concord Corporation entered into the following transactions. 1. 2 Borrowed $ 59,600 by...
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During 2022. Concord Corporation entered into the following transactions. 1. 2 Borrowed $ 59,600 by issuing bonds. Paid $ 9,120 cash dividend to stockholders Received $ 19,200 cash from a previously billed customer for services performed. Purchased supplies on account for $3,000 3. 4 Using the following tabular analysis, show the effect of each transaction on the accounting equation (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Cash + Accounts Receivable + Supplies Accounts Payable s 11) $ $ $ (2) (3) (4) for the particular Asset, Libility of Equyen Documents Liabilities Stockholders' Equity Retained Earnings Dividends + Common Stock Accounts Payable + Bonds Payable ated Items $ $ $ $ 0938.jpg
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