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The following events occurred for Favata Company a Received $10,000 cash from owners and issued stock to them. Borrowed $7000 cash from a bank and

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The following events occurred for Favata Company a Received $10,000 cash from owners and issued stock to them. Borrowed $7000 cash from a bank and signed a note due later this year c Bought and received $800 of equipment on account d Purchased and for $12.000 paid $1000 in cash and signed a long term note for $11,000 e. Purchased $3.000 of equipment paid $1000 in cash and charged the rest on account. Required: For each of the events through (d). perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation (Enter any decreases to account balances with a minus sign.) Liabilities Stockholders' Equity

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