How do you determine the impact of a line item on accounts, account type, and type of statement impacted? how are line items entered in a journal format?

11. FIRST ATTEMPT (Wed, 2/10) - not correct / according to ch.10 step by step guid PR.05.07.ALGO How does this entry affect the accounting equation? Halance sheet Assets Labilities Accounts Payable Stockholders Equity -485 x Revenues No Entry 485 x No Entry ol und FDM Partially connect Ar 10: Paid for the Apel I purchase Activity Otv Account Cath Decres Account Patie Dec tament) Data Sheet on this tect the counting ati Balan In a Stockholders' Equity ANN Liabilities Ravens C 5 M 500X 15