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Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The expanded accounting equation shows the four subsets
Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on Equity The expanded accounting equation shows the four subsets of equity: Revenues, Expenses, stockholder investments and dividen Using the dropdown buttons, indicate the impact each transaction has on total equity (if any). Compare the total with amount of equity reported on the balance sheet. Show les Impact on Equity $ 0 Transaction September 1) Nguyen invested $147,000 cash along with office equipment valued at $27,900 in exchange for common stock of a new company named TN Consulting. September 3) The company purchased land valued at $42,000 and a building valued at $162,900. The purchase is paid with $32,900 cash and a long-term note payable for $172,000. September 5) The company purchased $4,900 of office supplies on credit. September 7) Nguyen invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $22,300 and is to be used exclusively in the business. September 9) The company purchased $10,300 of additional office equipment on credit. September 11) The company paid $3,000 cash salary to an assistant. September 13) The company provided services to a client and collected $6,800 cash. September 15) The company paid $1,600 cash for this month's utilities September 17) The company paid $4,900 cash to settle the account payable created on September 5. September 19) The company purchased $20,800 of new office equipment by paying $20,800 cash. September 21) The company completed $7,200 of services for a client, who must pay within 30 days. September 23) The company paid $3,000 cash salary to an assistant September 25) The company received $5,000 cash in partial payment on the receivable created on September 21. September 27) The company paid $3,300 cash in dividends. Total impact on equity $ 0
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