- the owners invested $17,160 cash into the business in exchange for shares of common stock

-the company borrows $7,740

-the company pays cash for a puece of equipment. the list price was$9,100, but after negotiation the final purchase was $8,700

-during the yer thomas company provides services to customers totaling $298,400. the cash as been collected from the customers for all revenue earned

-thomas company incured $211,700

-the som of those quaterly distributions was 15400

Transactions Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction for transaction de Determine the new balance for each component of the accounting equation resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave it blank Transaction Assets = Liabilities + Stockholders' Equity Beginning 1. Investment in the business en 3. Purchase equipment 4. Provided services 5. Expenses incurred 6. Dividends