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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. 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 Transactions Number Accounts Cash + Supplies +Equipment + Land Payable Common Stock Dividends Revenue Expenses 4 b. + Balance after a and b 0+ . 0 0 * 0- O 0+ 0 - o + - 4 + Balance after c 0+ d. . Balance after d 0 + . 0+ 0+ 0- + 0- 0+ 0 + . 0 + O - 0 . o 0 + . Balance after e 0 + 0- 0+ 0+ O
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