Please see below. I have included pictures to show which parts I got wrong on this specific problem.During 2017, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions.1. Issued shares of common stock to investors in exchange for $145,000 in cash.2. Borrowed $48,000 by issuing bonds.3. Purchased delivery trucks for $54,000 cash.4. Received $16,000 from customers for services performed.5. Purchased supplies for $4,300 on account.6. Paid rent of $4,800.7. Performed services on account for $11,600.8. Paid salaries of $27,200.9. Paid a dividend of $10,000 to shareholders.Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. Stockholders' EquityRetained EarningsExpensesDividends%24Issued StockDividends16,00027,20011,6004,80027,60032,00010,000i%24%24%24

According to the accounting equation: Total assets = Total liabilities + capital

Answered: Please see below. I have included…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please see below. I have included pictures to show which parts I got wrong on this specific problem.

During 2017, its first year of operations as a delivery service, Bramble Corp. entered into the following transactions.

1.		Issued shares of common stock to investors in exchange for $145,000 in cash.
2.		Borrowed $48,000 by issuing bonds.
3.		Purchased delivery trucks for $54,000 cash.
4.		Received $16,000 from customers for services performed.
5.		Purchased supplies for $4,300 on account.
6.		Paid rent of $4,800.
7.		Performed services on account for $11,600.
8.		Paid salaries of $27,200.
9.		Paid a dividend of $10,000 to shareholders.

Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders’ Equity in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.

Stockholders' Equity
Retained Earnings
Expenses
Dividends
%24
Issued Stock
Dividends
16,000
27,200
11,600
4,800
27,600
32,000
10,000
i
%24
%24
%24

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