Please provide equations for how to solve this problem set. James Company of Ohio purchased new equipment $50,000. Assume that the company paid $1,000 for sales taxes on the plant, $500 for transportation costs and $750 for installation and preparation of the assets BEFORE use. The annual maintenance is $2,000 per year. James paid $10,000 in cash and the rest with a note. Record the journal entry and indicate the impact to the accounting equation.

Review of journal entries and impacts James Company of Ohio purchased new equipment $50,000. Assume that the company paid $1,000 for sales taxes on the plant, $500 for transportation costs and $750 for installation and preparation of the assets BEFORE use. The annual maintenance is $2,000 per year. James paid $10,000 in cash and the rest with a note. Record the journal entry and indicate the impact to the accounting equation Account Debit Credit A L SE Recognize goodwill versus a basket purchase. 13t question: Ava Inc. buys a company with land and building for $650,000 cash. Assume that the land has an appraised value of $200,000 and the building has an appraised value of $400,000. Record the journal entry *MMWWMWWwWMWMWWWWWWWMw\"WNW*MWWWWMWWWMWMWWWWWWMMWMW Ava Inc. buys a company with land and building for $540,000 . Assume that the land has an appraised value of $200,000 and the building has an appraised value of $400,000. Record the journal entry