rizzly Co. enters into the following transactions: Stockholders contribute $25,000 cash to a company in exchange for common stock. The company purchases $12,500 of new equipment in exchange for its promise to pay $12,500 at the end of next month. The company pays $7,500 to suppliers on account. Required: Show the effect of these transactions on the basic accounting equation. Prepare the journal entries that would be used to record the transactions.