During 2025, Pharoah Company entered into the following transactions

1. Purchased equipment for 281,040 cash

2. Issued common stock to investors for 137,930

3. purchased inventory of 67,170 on account

During 2025, Pharoah Company entered into the following transactions. 1. Purchased equipment for $281,040 cash. 2. Issued common stock to investors for $137,930 cash. 3. Purchased inventory of $67,170 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes 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.) During 2025, Pharoah Company entered into the following transactions. 1. Purchased equipment for $281,040 cash. 2. Issued common stock to investors for $137,930 cash. 3. Purchased inventory of $67,170 on account. Using the following tabular analysis, show the effect of each transaction on the accounting equation. (If a transaction causes 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.)