Question
During the month of July, the company had the following activities: a. Issued 3,300 shares of common stock for $330,000 cash. b. Borrowed $80,000 cash
During the month of July, the company had the following activities: a. Issued 3,300 shares of common stock for $330,000 cash. b. Borrowed $80,000 cash from a local bank, payable in four years. c. Bought a building fo r $174,000; paid $70,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $94,000. e. Purchased supplies for $94,000 on account. 4. value: 10.00 points Required information Required: 1. Analyze transactions (a)(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) assets=Liability + stockholders Equity
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