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a. The owner (Alex Carr) invested $17,200 cash in the company. b. The company purchased supplies for $1,050 cash. c. The owner (Alex Carr) invested
a. The owner (Alex Carr) invested $17,200 cash in the company. b. The company purchased supplies for $1,050 cash. c. The owner (Alex Carr) invested $11,100 of equipment in the company. d. The company purchased $310 of additional supplies on credit. e. The company purchased land for $10,100 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 = Liabilities + Cash Equity A. Carr, + Withdrawals + Supplies + Equipment + Land Accounts Payable = A. Carr, Capital + - Revenue - Expenses a. + + + = + + b. + + + = + - + Bal. + + + + + C. + + + = + + Bal. + + + + + d. + + + = + + Bal. + + + = + + e. + + + + + Bal. + + + II + +
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