Identifying effects of transacrions using accounting equation - Assets and Liabilities

...Then use additions and subtractions to show the dollar effects of each transaction on individual items of the accounting equation.

QS 1-11 Create the following table similar to the one in Exhibit 1.9. Identifying effects of transactions using = Liabilities + Equity Assets accounting equation- Assets and Liabilities + Common Revenues Expenses Accounts Dividends Cash Supplies + Equipment + Land Payable Stock P1 Then use additions and subtractions to show the dollar effects of each transaction on individual items of the accounting equation. a. The owner invested $15,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company in exchange for more common stock. d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 cash