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 $16,800 cash in the company in exchange for its common stock. b. The company purchased supplies for $950 cash. c. The owner invested $10,900 of equipment in the company in exchange for more common stock. d. The company purchased $290 of additional supplies on credit. e. The company purchased land for $9,900 cash. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) 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 + Liabilities Accounts Payable Land Common Stock Dividends Revenue Expenses a + + + + + + b. Bal. c. 0 + 0 + 0 + 0 = 0 + 0 0 + 0 0 + + + + Bal 0 + ol + 0 + ol 0 + 0 0 + 0 0 d. + + + + Bal 0 0 + 0 + 0 ol + 0 + 0 0 + . e. Bal + 0 + 0 + 0 + 0 0 0 + 0