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Transactions Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction for transaction details. Determine the new

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Transactions Consider the following transactions for Thomas Company and their effect on the accounting equation. Click on each transaction for transaction details. Determine the new balance for each component of ti accounting equation resulting from the transaction. (You will not need to enter the amount of each transaction, oniy the balance aerthe transaction.) If an amount box does not require an entry, leave it Hi Transaction Assets = Liabilities + Stockholders' Equity Beginning $0 $0 $0 1. Investment in the business I$ 5 I $ I 2. Borrow cash I5 5 I $ I 3. Purchase equipment I$ $ I $ I 4. Revenues eamed I$ $ I $ I 5. E_xpenses incurred $ $ $ 6. Dividends [$ $I $

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