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need help The following transactions were completed by the company. a. The owner invested $16,600 cash in the company in exchange for its common stock.
need help The following transactions were completed by the company. a. The owner invested $16,600 cash in the company in exchange for its common stock. b. The company purchased supplies for $900 cash. c. The owner invested $10,800 of equipment in the company in exchange for more common stock d. The company purchased $280 of additional supplies on credit. e. The company purchased land for $9.800 cash. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) Assets - Cash + Supplies - Equipment - Equity Dividends - Revenue Liabilities Accounts Payable Land Common stock - - Expenses 16 600 16,600 (900) 15,700 - 900 0 15.700 Bal 15,700 19 300) 5,900 Bal 1.100 10.800
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