QS 1-11 Identifying effects of transactions using accounting equation Assets and Liabilities LO P1 The following transactions were completed by the company. a. The owner invested $18,800 cash in the company in exchange for its common stock. b. The company purchased supplies for $1.450 cash. c. The owner invested $11,900 of equipment in the company in exchange for more common stock. d. The company purchased $390 of additional supplies on credit. e. The company purchased land for $10.900 cash. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign) Assets Equity Cash Supplies + Equipment Land Liabilities Accounts Payable Common Stock Dividends Revenue Expenses a = + b . - + Bal 0 0 + O + 0 0 0 0 . 0 0 C Bal 0 - 0 . 0 0 + 0 0 + 0 d +++ + !!! Bal O 0 0 0 0 + 0 0 0 0