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During 2 0 2 2 , Skysong Company entered into the following transactions. Purchased equipment for $ 2 6 3 , 2 8 5 cash.
During Skysong Company entered into the following transactions.
Purchased equipment for $ cash.
Issued common stock to investors for $ cash.
Purchased inventory of $ on account.
Using the following tabular analysis, show the effect of each transaction orn the accounting equation. For retained earnings, use separate columns for revenues, expenses, and dividends if necessary. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
Cash $ Assets
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