wing transactions were completed by the company. owner invested $16,400 cash in the company in exchange...
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wing transactions were completed by the company. owner invested $16,400 cash in the company in exchange for its common stock. company purchased supplies for $850 cash. owner invested $10,700 of equipment in the company in exchange for more common stock. company purchased $270 of additional supplies on credit. company purchased land for $9,700 cash. d: e impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances inus sign.) Assets Cash + Supplies Equipment + Land Liabilities + Accounts Equity Payable Common Stock Dividends + Revenue Expenses 16,400 + (850) 15,550+ 15,550 + + + $ 16,400 + $ 850 + . + + 850 + 0 + 0 + 16,400 0 + 0 0 + + $ 10,700 + + + 850 + 10,700 + 0 = 0 + 16,400 0 + 0 0 . + + $ 270 + 15,550 (9,700) + 850 10,700 + 0 270 + 16,400 - 0 + 0 0 + + $ 9,700 = + -> + 5,850 . 850 + 10,700 + 9,700 = 270- 16,400 - 0 + 0 0 wing transactions were completed by the company. owner invested $16,400 cash in the company in exchange for its common stock. company purchased supplies for $850 cash. owner invested $10,700 of equipment in the company in exchange for more common stock. company purchased $270 of additional supplies on credit. company purchased land for $9,700 cash. d: e impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances inus sign.) Assets Cash + Supplies Equipment + Land Liabilities + Accounts Equity Payable Common Stock Dividends + Revenue Expenses 16,400 + (850) 15,550+ 15,550 + + + $ 16,400 + $ 850 + . + + 850 + 0 + 0 + 16,400 0 + 0 0 + + $ 10,700 + + + 850 + 10,700 + 0 = 0 + 16,400 0 + 0 0 . + + $ 270 + 15,550 (9,700) + 850 10,700 + 0 270 + 16,400 - 0 + 0 0 + + $ 9,700 = + -> + 5,850 . 850 + 10,700 + 9,700 = 270- 16,400 - 0 + 0 0
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