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The following transactions were completed by the company. a. The owner invested $17,200 cash in the company in exchange for its common stock. b. The
The following transactions were completed by the company. a. The owner invested $17,200 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,050 cash. c. The owner invested $11,100 of equipment in the company in exchange for more common stock. d. The company purchased $310 of additional supplies on credit. e. The company purchased land for $10,100 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 Liabilities Equity Accounts Common Equipment+ Land Cash Supplies Dividends Revenue Expenses + + Stock Payable a. + + 4 - Bal = C - - Bal 0 - Bal + e - - 0 0 Bal - t l l + | + | + | +
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