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 $17,800 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,200 cash. c. The owner invested $11,400 of equipment in the company in exchange for more common stock. d. The company purchased $340 of additional supplies on credit e. The company purchased land for $10,400 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 Dividends Cash Supplies - Equipment - Land Common Stock - Revenue Exp: + + b. + + Bal + + + C Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign.) Assets Supplies + Equipment Liabilities Accounts Payable Equity Dividends Common Stock Revenue Cash Expenses Land + + a + b + . Bal + . + - + + + + + + B d. B B + + + + 80 > # A 4 % 5 &7 6 8 9 0 Il + E R T Y C - OP D F G H J L . V