Mc Graw Hill CHO Statements You skipped this question in the previous attempt 3 The following events occurred for Mitka Ltd: Help Save & Ext Submit a Received investment of $33,500 cash by organizers b. Purchased land for $21,000, paid $7,500 in cash and signed a mortgage note with a local bank for the balance (due in five years) c. Borrowed cash from a bank and signed a note for $12.500 d. Lent $1,800 to an employee who signed a note due in three months. e Paid the bank the amount borrowed in Purchased $11,000 of equipment, paying $5.500 in cash and signing a note due to the manufacturer Required: For each of the events (a) through (5. perform transaction analysis and indicate the account, amount, and direction of the effects on the accounting equation. Check that the accounting equation remains in balance after each transaction. (Enter decreases to account balances with a minus sign.) Event 4 t a D Assets Liabi Shareholders' Equity U and Leaning