a. The owner invested $18.600 cash in the company in exchange for its common stock b. The company purchased supplies for $1,400 cash. C. The owner invested $11,800 of equipment in the company in exchange for more common stock d. The company purchased $380 of additional supplies on credit e. The company purchased land for $10,800 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 b. Use the following information for exercise 15 to 18 LO P2 [The following information applies to the questions displayed below) On October 1, Ebony Ernst organized Ernst Consulting, on October 3, the owner contributed $84,310 in assets in exchange for its common stock to launch the business. On October 31, the company's records show the following items and amounts. Retained earnings, October 1 as $0. Cash Accounts receivable office supplies Land office equipment Accounts payable Common stock $10,200 15,200 3,550 45,990 18,310 8,740 84,310 Cash dividends Consulting revenue Rent expense Salaries expense Telephone expense Miscellaneous expenses $ 2,340 15,200 3.910 7.350 790 61e