The following events occurred for Favata Company:

a$.$ Received $$17,000$ cash from owners and issued stock to them.

b$.$ Borrowed $$14,000$ cash from a bank and signed a note due later this year.

c$.$ Bought and received $$1,500$ of equipment on account.

d$.$ Purchased land for $$26,000$; paid $$2,400$ in cash and signed a long$-$term note for $$23,600.$

e$.$ Purchased $$10,000$ of equipment; paid $$2,400$ in cash and charged the rest on account.

Required:

For each of the events $($a$)$ through $($e$),$ 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.$)$