The following events occuired for Favate Company: a. Recelved 514,000 cesh from owners and issued stock to them b. Borrowed $11,000 cosh from a bonk and signed a note dive fater this year. c. Bought and recelved $1,700 of equipment on account. d. Purchased land for $20,000; paid $1,800 in cash and slened alongterm note for $18,200. e. Purchased $7,000 of equipment poid $1,800 in cash and charged the rest on occount. Required: For eoch of the cvents (a) theough fol perform trinsaction andlysis and indicate the account; amount, and direction of the effect on the accounting equation, (Enter any decreases to account batances with a minus sign.1