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The following transactions were completed by the company, a. The owner invested $16.000 cash in the company in exchange for its common stock b. The
The following transactions were completed by the company, a. The owner invested $16.000 cash in the company in exchange for its common stock b. The company purchased supplies for $750 cash c. The owner invested $10.500 of equipment in the company in exchange for more common stock d. The company purchased $250 of additional supplies on credit e. The company purchased land for $9.500 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 Supplies + Equipment Cash Liabilities Accounts Payable Equity Dividends Revenue Land Common Stock $10.000 Expenses 5 . D 16.000 (750) - 15,250 + + Bal 0 0 0 O 0 - 0 0 - - . $10.500 10 500 10.000 10.500 26 500 - 15250 - . - 0 O. 0 - 0 0 0 250 - 250 d Bal 5 250 2501 - + + + + 10 500 - 26,500 0 15 250 19.500) 5 750 0 $ 9,500 9.500 .... -- Bal - 250- 10.500 250 + 20.500 0 0-
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