Exercise 3-3 During 2017, its first year of operations as a delivery service,...
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Accounting
Exercise 3-3 During 2017, its first year of operations as a delivery service, Persimmon Corp. entered into the following transactions. 1. Issued shares of common stock to investors in exchange for $100,000 in cash. 2. Borrowed $45,000 by issuing bonds. 3. Purchased delivery trucks for $60,000 cash. 4. Received $16,000 from customers for services performed 5. Purchased supplies for $4,700 on account. 6. Paid rent of $5,200 7. Performed services on account for $10,000. 8. Paid salaries of $28,000. 9. Paid a dividend of $11,000 to shareholders
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