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 $18,200 cash in the company in exchange for its common stock b. The company purchased supplies for $1,300 cash c. The owner invested $11,600 of equipment in the company in exchange for more common stock d. The company purchased $360 of additional supplies on credit e. The company purchased land for $10,600 cash Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) 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 Liabilities Accounts Payable Land Common Stock Dividends Revenu Expenses + + b. + + + Bal 0 + 0 0 + 0 0 + 0 0 + 0 0 + + . Bal 0 + 0 + 0 + 0 0+ 0 0 0 d + + + + + Bal 0+ 0 0 + 0 0 + 0 0+ 0 0 + + + e. + 0 Bal + 0 + 0 + 0 = 0 0 + 0 0 - 0