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The following transactions were completed by the company, a. The owner invested $17,800 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 $17,800 cash in the company in exchange for its common stock b. The company purchased supplies for $1,200 cash, c. The owner invested $11.400 of equipment in the company in exchange for more common stock. d. The company purchased $340 of additional supplies on credit e. The company purchased land for $10,400 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 Dividends Cash Revenue Land Supplies Common Stock + Equipment - Expenses . . + . . $ b 17,800 (1,200) 16.600 - + $ 12001 - 1.200 - . 0 0 0 0 + 0 0 Ba + - - + + C. - 0 $ 11,400 11,400 0 - 0 - 0 0 0 Bal 0 16,600 + ++ + d Ba 1.200 + 340 1,540 - 0 0 + + 0 0 0 . 11,400 + 16,600 + (10.400) - 6.200 - + $ 10,400 10,400 0 0 + 0 0 0 al 1.540 + 11.400

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