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a. The owner invested $16,200 cash in the company in exchange for its common stock. b. The company purchased supplies for $800 cash. c. The
a. The owner invested $16,200 cash in the company in exchange for its common stock. b. The company purchased supplies for $800 cash. c. The owner invested $10,600 of equipment in the company in exchange for more common stock. d. The company purchased $260 of additional supplies on credit. e. The company purchased land for $9,600 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 + Equity Cash + Supplies + Equipment + Land = Accounts Payable + Common Stock Dividends + Revenue Expenses + a. + + + b. + + + + + Ball + + + = +++ + + c. + + + = + + Bal. + + + + d. + + + = + Bal. + + + = + + + + + + e. + + + + Bal. + + + +
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