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The following transactions were completed by the company. a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The

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The following transactions were completed by the company. a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250 cash. c. The owner invested $11,500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. e. The company purchased land for $10,500 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 Equity Liabilities + Accounts + Payable Cash + Supplies + Equipment + Land Common Stock Dividends + Revenue Expenses a. + + + + + b. + + + + + Bal. + + + + = + + C. + + + = + + Bal. + + + + + d. + + + + + Bal. + + + + + + + + + + + + + + e. + + + + + Bal. + + + +

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