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The following transactions were completed by the company. a. The owner invested $15,000 cash in company in exchange for its common stock. b. The
The following transactions were completed by the company. a. The owner invested $15,000 cash in company in exchange for its common stock. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company in exchange for more common stock. d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 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 Cash Supplies Equipment Land Liabilities Accounts Payable Common Stock Equity Dividends Revenue Expenses a. S 15,000+ . $ 15,000 b. 15,000+ = + Bal 30,000+ 0 4 0 + 0 0 + 15,000 0 0 0 c. 14,500+ + $ 10,000 + + + Bal 44,500 + 0 + 10,000 0 MO 0 + 15,000 0 + 0 0 d. 14,500 + . + Bal 59,000+ 0 . 10,000+ 0 + 15,000 + 0 0. 5,500 Bal 64,500 .. . + 0+ 10,000+ 0 0 . 15,000- 0
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