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This is accounting all charts must be filed please E2-4 Determining Financial Statement Effects of Several Transactions [LO1, LO2] The following events occurred for Favanta

This is accounting all charts must be filed please

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E2-4 Determining Financial Statement Effects of Several Transactions [LO1, LO2] The following events occurred for Favanta Company: a. Received $10,000 cash from owners and issued shares to them. b. Borrowed $7,000 cash from a bank and signed a note due later this year. c. Purchased land for $12,000; paid $1,000 in cash and signed a note for the $11,000. d. Bought and received $800 of equipment on account. e. Purchased $3,000 of equipment, paying $1,000 in cash and charged the rest on account by signing a note payable. Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and - for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (Enter any decreases to account balances with a minus sign.) Event Assets Liabilities Shareholders' Equity a b. C. d. e

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