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The following transactions were completed by the company.aThe owner invested $19,000 cash in the company in exchange for its common stock.bThe company purchased supplies for
The following transactions were completed by the company.aThe owner invested $19,000 cash in the company in exchange for its common stock.bThe company purchased supplies for $1,500 cash.cThe owner invested $12,000 of equipment in the company in exchange for more common stock.dThe company purchased $400 of additional supplies on credit.eThe company purchased land for $11,000 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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