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The following transactions were completed by the company: a. The owner invested $17,000 cash in the company. b. The company purchased supplies for $1,000 cash.

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The following transactions were completed by the company: a. The owner invested $17,000 cash in the company. b. The company purchased supplies for $1,000 cash. c. The owner invested $11,000 of equipment in the company in exchange for more common stock. d. The company purchased $300 of additional supplies on credit. e. The company purchased land for $10,000 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)

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