During 2010, Bleeker Corp. entered into the following transactions.

1. Borrowed $60,000 by issuing bonds.

2. Paid $9,000 cash dividend to stockholders.

3. Received $17,000 cash from a previously billed customer for services provided.

4. Purchased supplies on account for $3,100.

Using the following tabular analysis, show the effect of each transaction on the accounting equation Put explanations for changes to Stockholders’ Equity in the right hand margin. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary.

Assets

=

Liabilities

+

Stockholders’ Equity

Accounts

Accounts

Bonds

Common

Retained

Cash

+

Receivable

+

Supplies

=

Payable

+

Payable

+

Stock

+

Earnings