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The following transactions were completed by the company. a. The owner invested $15,200 cash in the company. b. The company purchased supplies for $550 cash.
The following transactions were completed by the company. a. The owner invested $15,200 cash in the company. b. The company purchased supplies for $550 cash. c. The owner invested $10,100 of equipment in the company. d. The company purchased $210 of additional supplies on credit. e. The company purchased land for $9,100 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 + Transactions Number Liabilities Accounts Payable Equity Owner, Withdrawals Cash + Supplies + Equipment + Land Revenue Owner, Capital $ 15,200 Expenses a. $ + + = + + $ + + + b. Balance after a and b 550 + 550 + 0 0 + 15,200 0 + 0 - 0 C. + 0 + $ 10,100 + 10,100 = + + 15,200 + (550) + 14,650 + 10.100 + 24,750 + (210) + 24,540 + (9,100) + 15,440 + Balance after 550 + + + 0 0 + 15,200 0 + 01 - 0 d. + = + + 210] + 760 + $ (210) + (210) + Balance after d 10.100 + 0 15,200 0 + 0 0 e + + = + + $ 9, 100 9,100 Balance after e 760 + 10.100 + = (210) + 15,200 0 + 0 0
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