D. A company purchases for $18,000 cash a new delivery truck that has a list (sticker) price of $20,500. c. A women's clothing retailer orders 20 new display stands for $130 each for future delivery. d. A new company is formed and issues 400 shares for $12 per share to investors. e. A company purchases a piece of land for $33,000 cash. An appraiser for the buyer valued the land at $34,800. The owner of a local company buys a $8,000 car for personal use. Answer from the company's point of view. g. A company borrows $1,200 from a local bank and signs a six-month note for the loan. h. A company pays $1,060 owed on its note payable. (ignore interest.) Required: 1. Indicate titles of the appropriate accounts, if any, affected in each of the preceding events. Consider what the company gives anc receives.

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is