Identifying effects of transactions using accounting equation - Assets and Liabilities LO P1 The following transactions were completed by the company. a. The owner (Alex Carr) invested $15, 400 cash in the company in exchange for its common stock. b. The company purchased supplies for $600 cash. c. The company purchased $10, 200 in equipment on credit (record liability as Note Payable) d. The company purchased $220 of additional supplies on credit. e. The company purchased land for $9, 200 cash. Required. Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Identifying effects of transactions using accounting equation - Assets and Liabilities LO P1 The following transactions were completed by the company. a. The owner (Alex Carr) invested $15, 400 cash in the company in exchange for its common stock. b. The company purchased supplies for $600 cash. c. The company purchased $10, 200 in equipment on credit (record liability as Note Payable) d. The company purchased $220 of additional supplies on credit. e. The company purchased land for $9, 200 cash. Required. Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)