Question

during 2017, concord corporation entered into the following transactions.

Question 1 View Policies Current Attempt in Progress During 2017. Concord Corporation entered into the following transactions 1. Borrowed $59.600 by issuing bonds. 2. Paid $9,120 cash dividend to stockholders. 3. Received $19.200 cash from a previously billed customer for services performed 4. Purchased supplies on account for $3,000. 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. (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. See Illustration 3-3 for example.) Assets Liabilities Cash + Accounts Receivable Supplies Accounts Payable + Bonds Payable

Answer 1

	Assets					=	Liabilities			+	Stockholders Equity
	Cash	+	Accounts Receivable	+	Supplies	=	Accounts Payable	+	Bonds Payable	+	Capital	+	Retained Earnings
													Dividend (-)	+	Revenue	+	Expenses(-)
1	$       59,600.00	+	$                                   -	+	$                      -	=	$                             -	+	$       59,600.00	+	$                       -	+	$                    -	+	$               -	+	$                   -
2	$        -9,120.00	+	$                                   -	+	$                      -	=	$                             -	+	$                       -	+	$                       -	+	$     -9,120.00	+	$               -	+	$                   -
3	$       19,200.00	+	$                  -19,200.00	+	$                      -	=	$                             -	+	$                       -	+	$                       -	+	$                    -	+	$               -	+	$                   -
4	$                       -	+	$                                   -	+	$         3,000.00	=	$                3,000.00	+	$                       -	+	$                       -	+	$                    -	+	$               -	+	$                   -

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Which of the following would best alleviate the agency problem in a large corporation-

A. Compensating employees with stock that must be held for a minimum of three years.

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Hope you understood. Thank you.