Grizzly Co. enters into the following transactions: Stockholders contribute $25,000 cash to a company ip exchange for common stock. The company purchases $12,500 of new equipment in exchange for its promise to pay $12,500 at the end of next month. The company pays $7,500 to suppliers on account 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 transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Transaction Analysis equired A Required B ow the effect of these transactions on the basic accounting equation. (Enter any decreases to account balances with a minus sign.) Transaction Analysis Assets Stockholders' E Liabilities Required B Required A Journal entry worksheet 1 2 3 Record the entry for cash contributed by stockholders, $25,000. Note: Enter debits before credits. Credit Transaction General Journal Debit a Journal entry worksheet 3 2 Record the purchase of new equipment for $12,500 cash Note: Enter debits before credits. Credit Debit General Journal Transaction h Journal entry worksheet 2 3 Record the entry to make the payment to suppliers ($7,500). Note: Enter debits before credits. Credit Debit General Journal Transaction C