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QS 1-11 (Algo) Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1 The following transactions were completed by the company. a. The owner

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QS 1-11 (Algo) Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1 The following transactions were completed by the company. a. The owner invested $16.400 cash in the company b. The compary purchased supplies for $850 cash c. The owner invested $10.700 of equipment in the company in exchange for more common stock. d. The company purchased $270 of additional supplies on credit. e. The company purchased land for $9,700 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account bolances with a minus sign. Required: Enter the impact of each transaction on individual tiems of the accounting equation. (Enter decreases to account balances with a minus sign.)

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