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5 - Chapter 1 1 QS 1-11 Identifying effects of transactions using accounting equation-Assets and Llabilities LO P1 The following transactions were completed by the

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5 - Chapter 1 1 QS 1-11 Identifying effects of transactions using accounting equation-Assets and Llabilities LO P1 The following transactions were completed by the company a. The owner (Alex Camry invested $15.000 cash in the company. b. The company purchased supplies for $500 cash c. The owner Alex Cam Invested $10.000 of equipment in the company d. The company purchased $200 of additional supplies on credit e. The company purchased land for $9.000 cash Required: Enter the impact of each transaction on Individual items of the accounting equation. (Enter decreases to account balances with a minus sign) Assets Equipment ences Cash Liabilities Accounts Payable Supplies Equity A Cart Withdrawals A Car Capital Land Revenue Expenses - = a b. Bal = + 0 + 0 + + 0 + 0+ 0 0 ol Bal 0 + 0 + 0 + 0 ol + 0 0 + 0 d. Bal ++ 0 + 0 + 0 0 + 0 = = + + + Bal 0 0 0 0 0 0

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