The transactions listed below apply to Bates Company for its first year in business. Assume that all transactions involve the receipt or payment of cash.Transactions for Year 1:Issued common stock to investors for $25,000 cashBorrowed $18,000 from the local bankProvided services to customers for $28,000 cashPaid expenses amounting to $21,400Purchased a plot of land for $22,000 cashPaid a dividend of $15,000 to its stockholdersRepaid $12,000 of the loan listed in number 2
Required:Fill in the headings to the accounting equation shown below.Show the effects of the above transactions on the accounting equation.________ = ________ + ________Event Number

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The Answer of The transactions listed below apply to Bates Company for its first year in business. Assume that all transactions involve the receipt or payment of cash.Transactions for Year 1:Issued common stock to investors for $25,000 cashBorrowed $18,000 from the local bankProvided services to customers for $28,000 cashPaid expenses amounting to $21,400Purchased a plot of land for $22,000 cashPaid a dividend of $15,000 to its stockholdersRepaid $12,000 of the loan listed in number 2
Required:Fill in the headings to the accounting equation shown below.Show the effects of the above transactions on the accounting equation.________ = ________ + ________Event Number

The Transactions Listed Below Apply to Bates Company for Its