QS $1-11($Algo$)$ Identifying effects of transactions using accounting equation$$Assets and Liabilities LO P$1$

The following transactions were completed by the company.

The owner invested $$16,000$ cash in the company in exchange for its common stock.

The company purchased supplies for $$750$ cash.

The owner invested $$10,500$ of equipment in the company in exchange for more common stock.

The company purchased $$250$ of additional supplies on credit.

The company purchased land for $$9,500$ cash.

Required:

Enter the impact of each transaction on individual items of the accounting equation.

Note: Enter decreases to account balances with a minus sign.