During 2017, Sarasota Corp. entered into the following transactions.
(1) Borrowed $58,100 by issuing a note.
(2) Paid $8,960 cash dividend to stockholders.
(3) Received $14,200 cash from a previously billed customer for services performed.
(4) Purchased supplies on account for $4,200.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary.
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Home » Business » During 2017, Sarasota Corp. entered into the following transactions. (1) Borrowed $58,100 by issuing a note. (2) Paid $8,960 cash dividend to stockholders. (3) Received $14,200 cash from a previously billed customer for services performed.