SWOT 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 $18,200 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,300 cash. C. The owner invested $11,600 of equipment in the company in exchange for more common stock d. The company purchased $360 of additional supplies on credit e. The company purchased land for $10,600 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 + Equity Liabilities Accounts Payable Cash Supplies + Equipment + Land Common Stock Dividends Revenue Expenses 1 a. Assets Equity Cash Supplies + Equipment Land Liabilities Accounts Payable Common Stock Dividends Revenue Expenses + b. + Bal + + . + + Bal . 11.11 - + + + + + 1 ! + + . + Bal + + - e + + + + + Bal. +