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The following transactions were completed by the company. a. The owner invested $15,000 cash in the company. b. The company purchased supplies for $500 cash.
The following transactions were completed by the company. a. The owner invested $15,000 cash in the company. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company. d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number a b. Balance after a and b C Balance after c d Balance after d e Balance after e Cash + + + + + + + + + Assets Supplies + + + + + +++++ Equipment + + + + + + + + + Land = = = = = = = = = = Liabilities + Accounts Payable + + + + + + + + + + Owner, Capital - I III Equity Owner, Withdrawals + +++++++++ Revenue - III - Expenses
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