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) is46,000 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 s 18,000 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 $ 60,000X Effects of Business Transactions on Accounting Equation Concept The accounting equation serves as the basic foundation for the accounting systems of all businesses. Every business transaction affects the company's financial position. The financial position of a company consists of the following: . Assets Liabilities Stockholders' Equity The relationship among assets, liabilities, and stockholders' equity can be represented by an equation. The equation, called the accounting equation, is shown below. Assets = Liabilities + Stockholders' Equity Learning Expectation Describe the effects of transactions on the accounting equation