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Problem id: Accounting Equation: Effects of Transactions For Questions 9-16 By addition and vubection show the effects of the transactions on the accounting equation of
Problem id: Accounting Equation: Effects of Transactions For Questions 9-16 By addition and vubection show the effects of the transactions on the accounting equation of Hayes. Consulting, Inc. Notice that the first transaction has been processed for you Jeff Hayes invested $5,000 in Hayes' Coming, Inc. Jeff received 5,000 shares of Spar common stock in return for his investment Total Resources Jers' Equity Retained Cash Supplies + $5,000 + $5,000 The company's receipt of cash increased its cash by $5.000. Since the company received the cash from the owner in return for shares of the company's common stock, the company's common stock also increased by 55,000 QUESTION 11 Read the description for questions 9-16. 11. Hayes' Consulting purchased $200 of supplies. No cash was paid for the supplies, but Hayes' Consulting agreed to pay cash within the next 30 days Sources of Borrowed Resources Sources of Sources of Owner Management Invested Generated Resources Resources Stockholders' Equity Total Resources Assets Liabilities Accounts Receivable Cash Common Accounts Payable Supplies Stock Retained Earnings +$200 +$200 - $200 +$200 - $200 $200 +5200 $200 + 5200 $200 b.B) C) E)
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