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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 (Alex

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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 (Alex Carr) invested $16,600 cash in the company. b. The company purchased supplies for $900 cash. c. The owner (Alex Carr) invested $10,800 of equipment in the company. d. The company purchased $280 of additional supplies on credit. e. The company purchased land for $9,800 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 + = Liabilities Accounts Payable Equity A. Carr, Withdrawals Cash + Supplies + Equipment + Land A. Carr, Capital + + Revenue Expenses a. a + + + = + + b. + + + = + + Bal. 0 + 0 + 0 + 0 0 + 0 0 + 0 0 C. + + + + + Bal. 0 + 0 + 0 + 0 0 + 0 0 + 0 0 d. + + + + + ++ Bal. 0 + 0 0 + 0 = 0 + 0 0 + 0 0 e. + + + + + Bal. 0 + + 0 + 0 + 0 0 + 0 0 + + 0 0

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