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The following transactions were completed by the company. a. The owner invested $18,600 cash in the company. b. The company purchased supplies for $1,400 cash.
The following transactions were completed by the company. a. The owner invested $18,600 cash in the company. b. The company purchased supplies for $1,400 cash. c. The owner invested $11,800 of equipment in the company. d. The company purchased $380 of additional supplies on credit. e. The company purchased land for $10,800 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 Transactions Number Cash + Supplies + Equipment + Land = Liabilities Accounts Payable Equity + Owner, Capital Owner, Withdrawals + Revenue Expenses + + = + + a. b. + + + + = + + Balance after a and b 0 + 0 + 0 + 0 = 0 + 0 - 0 + 0 - 0 C. + + + = + - + 0 + 0 + 0 + 0 = 0 + 0 - 0 + 0 - 0 Balance after c d. Balance after d 0 + 0 e. + Balance after e 0 + + + + 0 + 0 + 0 + +++ = + 0 0 = 0 + = + 0 - - 0 = 0 + + 0 + 0 + 0 + 0 - - 0 0 Check
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