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The following transactions were completed by the company. a. The owner (Alex Carr) invested $17,600 cash in the company. b. The company purchased supplies for
The following transactions were completed by the company. a. The owner (Alex Carr) invested $17,600 cash in the company. b. The company purchased supplies for $1.150 cash. c. The owner (Alex Carr) invested $11,300 of equipment in the company. d. The company purchased $330 of additional supplies on credit. e. The company purchased land for $10,300 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Liabilities Equity Cash A. Carr, Assets Supplies - Equipment + + Land = Accounts Payable A. Carr, Capital + Revenue Expenses Withdrawals + + + + + 0 + + 0 0 0 + = + + 0 + + + + + 0 0 0 + + 0 + 0 = 0 + + + + 0 - 0 + + + + + + + 0 + 0 + 0 + 0 = 0 0 + + + + + Bal. 0+ 0 + 0 + 0 = 0 + + 0 - 0 + 0
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