he following events occurred for Favata Company:

Received $$11,500$ cash from owners and issued stock to them.

$.$ Borrowed $$8,500$ cash from a bank and signed a note due later this year.

Bought and received $$950$ of equipment on account.

Purchased land for $$15,000$; paid $$1,300$ in cash and signed a long$-$term note for $$13,700.$

$.$ Purchased $$4,500$ of equipment; paid $$1,300$ in cash and charged the rest on account.

Required:

For each of the events $($a$)$ through $($e$),$ perform transaction analysis and indicate the account, amount, and direction of the effect on the

ccounting equation. $($Enter any decreases to account balances with a minus sign.$)$