10 The following transactions were completed by the company. 2 points eBook Hint Print References Mc a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250 cash. c. The owner invested $11,500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. e. The company purchased land for $10,500 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Assets = Liabilities + Transactions Number Accounts Common Cash + Supplies Land + Equipment + = + Payable Stock + + + = | I I a. b. + + + = + Balance after a and b 0 + 0 + 0 + 0 = 0 + 0 C. + + + = + Balance after c 0 + 0 + 0 + 0 = 0 0 d. + + + = Balance after d 0 + 0 + 0 + 0 = 0 + 0 e. + Balance after e 0 + 0 + + + 0 + 0 = II = 0 0 I I I Equity Dividends + Revenue Check my work - I - + 0 + + 0 + + 0 + 0 + 0 0 0 0 I | I Expenses | - 0 0 0