QS 1-11 ldentifying 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 $15,800 cash in the company in exchange for its common stock. b. The company purchased supplies for $700 cash. c. The company purchased $10,400 in equipment on credit record liability as Note Payable). d. The company purchased $240 of additional supplies on credit. e. The company purchased land for $9,400 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 abilities Equity Accounts Payable Notes Payable Common Stock Cash Supplies Equipment Land DividendsRevenue Expenses a. Bal. C. Bal. d. Bal Bal