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I can't figure out the Equity part for dividends, revenue, and expenses in this chart. Can someone please help me? Thank you The following transactions
I can't figure out the Equity part for dividends, revenue, and expenses in this chart. Can someone please help me?
Thank you
The following transactions were completed by the company: a. The owner invested $18,000 cash in the company. b. The company purchased supplies for $1,250 cash. c. The owner invested $11,500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. e. The company purchased land for $10,500 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus signStep by Step Solution
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