During 2025, its first year of operations as a delivery service, Blossom Corp. entered into...
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Accounting
During 2025, its first year of operations as a delivery service, Blossom Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $35,000 by issuing bonds. 3. Purchased delivery trucks for $50,000 cash. 4. Received $14,000 from customers for services performed. 5. Purchased supplies for $2,700 on account. 6. Paid rent of $4,200. 7. Performed services on account for $10,000. 8. Paid salarles of $26,000. 9. Paid a dividend of $10,000 to stockholders. Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockhoiders' Equity in the far-right column. (II a transaction couses a decrease in Assets, Liabilities or Stockholders' Equify. place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that wos reduced.)
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