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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 $15,400 cash in the company. b. The company 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 suppises on credit. e. The company purchased land for $9,700 cash. Required: Enter the impact of each transaction on individal items of the accounting equation. (Enter decreases to account balonces with a minus sign.)

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