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Use the Dynamic Exhibit to answer the following questions. 1. When the amount paid for land is $36,000 and the amount paid for expenses is

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Use the Dynamic Exhibit to answer the following questions. 1. When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transaction (b) is $20,100 X 2. When the amount paid for land is $36,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is $ 71,000 X 3. When the amount paid for land is $50,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is $32,000 X 4. When the amount paid for land is $50,000 and the amount paid for expenses is $10,000, the balance on the right side of the accounting equation after transaction (b) is $32,000 X Transaction (a): Pald $36,000 for the purchase of land as a future building site. Transaction (b): Pald $10,000 for expenses during the month. $36,000 $50,000 Move the silder to change the values. Click on to view the Information (a) Pald for land (b) Pald for expenses $10,000 $18,000 View Analysis Assets Llabilities Owner's Equity Cash Supplies + Land Accounts Payable Kris Haley Capital Kris Haley Drawing Fees Earned Expenses Beginning Balances 10,000 1,000 0 1,000 66,000 2,000 36,000 20,000 I Transaction () 36,000 36,000 Balances 44,000 1,000 36,000 1,000 65,000 2,000 36,000 20,000 Transaction (6) 10,000 10,000 Balances 34,000 1,000 36,000 1,000 66,000 2.000 36,000 30,000 Summary of tracons for Hilly Services ban Total Assets Total Liabilities Total Owner's Equity Beginning Balances 31,000 1,000 0.000 After transaction $1,000 1.000 80.000 A transaction 71.000 1.000 70,000

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