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The following transactions were completed by the company: a. The owner invested $15,400 cash in the company. b. The company purchased supplies for $600
The following transactions were completed by the company: a. The owner invested $15,400 cash in the company. b. The company purchased supplies for $600 cash. c. The owner invested $10,200 of equipment in the company in exchange for more common stock. d. The company purchased $220 of additional supplies on credit. e. The company purchased land for $9,200 cash. a. The owner invested $15,400 cash in the company. b. The company purchased supplies for $600 cash c. The owner invested $10,200 of equipment in the company in exchange for more common stock d. The company purchased $220 of additional supplies on credit e. The company purchased land for $9,200 cash Required: Enter the impact of each transaction on individual items of the accounting equation Note: Enter decreases to account balances with a minus sign. Equity Assets Liabilities Transactions Number Cash Supplies Equipment Land Accounts Payable Common Stock Dividends Balance after a and b Balance after c d. Balance after di e Balance after e 1 . + Revenue Expenses
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