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OS 1-11 Identifying effects of transactions using accounting equation Assets and Liabilities LO P1 5 The following transactions were completed by the company. 16.66 a.

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OS 1-11 Identifying effects of transactions using accounting equation Assets and Liabilities LO P1 5 The following transactions were completed by the company. 16.66 a. The owner invested $18,600 cash in the company in exchange for its common stock b. The company purchased supplies for $1,400 cash c. The owner invested $11,800 of equipment in the company in exchange for more common stock. d. The company purchased $380 of additional supplies on credit. . The company purchased land for $10,800 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 Liabilities Equity Accounts Common Cach Supplies - Equipment - Land Payable Stock Dividends Revenue Expenses + . B . + + + . + ---- 4 + + + + +

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