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Business, 22.02.2021 18:30 anggar20

During 2022, its first year of operations as a delivery service, Culver Corporation entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $137,000 in cash.
2. Borrowed $44,000 by issuing bonds.
3. Purchased delivery trucks for $57,000 cash.
4. Received $14,000 from customers for services performed.
5. Purchased supplies for $4,700 on account.
6. Paid rent of $4,300.
7. Performed services on account for $11,700.
8. Paid salaries of $27,300.
9. Paid a dividend of $11,500 to shareholders.

Required:
Show the effect of each transaction on the accounting equation.

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During 2022, its first year of operations as a delivery service, Culver Corporation entered into the...
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