Grizzly Co. enters into the following transactions: Stockholders contribute $11,000 cash to a company in exchange for common stock. The company purchases $5,500 of new equipment in exchange for its promise to pay $5,500 at the end of next month. The company pays $3,100 to suppliers on account. 46 Required: a. Show the effect of these transactions on the basic accounting equation. b. Prepare the journal entries that would be used to record the transactions Complete this question by entering your answers in the tabs below. Required A Required B Show the effect of these transactinns on the hasic accountinn enuation. (Fnter anv decreases to account halances with a minus sinn Chp 1-2013 Fail. ppt pptk J Required B Required A Show the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Transaction Analysis Stockhod Assets Liabilities al b C Required B Next