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 $17,200 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,050 cash. c. The owner invested $11,100 of equipment in the company in exchange for more common stock. d. The company purchased $310 of additional supplies on credit. e. The company purchased land for $10,100 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a ninus sign.)

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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