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X Adjusting Entries: A Simple Intro X + cation.com/ext/map/index.html?_con con&external_browser=0&claunchurahttps%253A96252F%252Fnewconnect.mheducation.com%252Fc Saved Help QS 1-11 Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1
X Adjusting Entries: A Simple Intro X + cation.com/ext/map/index.html?_con con&external_browser=0&claunchurahttps%253A96252F%252Fnewconnect.mheducation.com%252Fc Saved Help QS 1-11 Identifying effects of transactions using accounting equation-Assets and Liabilities LO P1 The following transactions were completed by the company a. The owner invested $16,800 cash in the company in exchange for its common stock b. The company purchased supplies for $950 cash. c. The owner invested $10.900 of equipment in the company in exchange for more common stock, d. The company purchased $290 of additional supplies on credit e. The company purchased land for $9.900 cash. Required: Enter the impact of each transaction on individual items of the accounting equation (Enter decreases to account balances with a minus sign) Assets Supplies Equipment abilities Accounts Payable Common Stock Equity Dividends . a. b Bal. + + ++ O 9 O
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