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Why isn't this complete? a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for
Why isn't this complete?
a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250 cash. c. The owner invested $11.500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. e. The company purchased land for $10,500 cash. Required Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with minus sign.) Answer is not complete. Assets Liabilities+ Equity Cash Supplies Equipment Land Accounts Common- Dividends RevenuesExpenses Stock 18,000+ 1.250)+ 16,750 + 18,000 1.250 1,250 + Bal C. Bal. d. Bal 18,000 - 11.500 |- 29,500 11.500 + 11,500 + 16,750 + 1,250 + 350 1,600 16,750+ 11,500 + 29,500- (10,500) 10,500 11.50010,500 Bal. 6,250 + 1,600+ 0 29,500Step by Step Solution
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