The following transactions were completed by the company: a. The owner invested $17,400 cash in the company. b. The company purchased supplies for $1,100 cash. c. The owner invested $11,200 of equipment in the company in exchange for more common stock. d. The company purchased $320 of additional supplies on credit. e. The company purchased land for $10,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) a. Transactions Number b. Balance after a and b G Cash 0 + Supplies + Equipment + Land + + + Assets + 0 + + + + 0 + + + + 0 = = = = = = Liabilities + Accounts Payable 0 + + + + Common Stock 0 Equity Dividends + Revenue + + 0+ + 0 Expenses 0
The following transactions were completed by the company: a. The owner invested $17,400 cash in the company. b. The company purchased supplies for $1,100 cash. c. The owner invested $11,200 of equipment in the company in exchange for more common stock. d. The company purchased $320 of additional supplies on credit. e. The company purchased land for $10,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) a. Transactions Number b. Balance after a and b G Cash 0 + Supplies + Equipment + Land + + + Assets + 0 + + + + 0 + + + + 0 = = = = = = Liabilities + Accounts Payable 0 + + + + Common Stock 0 Equity Dividends + Revenue + + 0+ + 0 Expenses 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following transactions were completed by the company:
a. The owner invested $17,400 cash in the company.
b. The company purchased supplies for $1,100 cash.
c. The owner invested $11,200 of equipment in the company in exchange for more common stock.
d. The company purchased $320 of additional supplies on credit.
e. The company purchased land for $10,200 cash.
Required:
Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a
minus sign.)
Transactions Number
Balance after a and b
Balance after c
d.
Balance after d
Balance after e
Cash
0
0
0
+ Supplies + Equipment +
+
+
+
+
4.2
Assets
+
0
0
0
+
+
2
-
0
0
0
COM
0
< Prev
+
+
+
+
+
+
+
+
Land
5 of 9
0
0
0
DOLAZ
UNI
II
MUSI
II
P
KUS
#SK
DE
MacBook Air
Liabilities
Accounts
Payable
0
0
CHILD
0
0
Next >
+
+
+
+
+
+
Common
Stock
0
0
0
Equity
Dividends + Revenue
0
0
0 +
+
0
0
0
C
-
1
-
-
Expenses
DESEN
0
0
0"
Transcribed Image Text:Ell
The following transactions were completed by the company:
a. The owner invested $17,400 cash in the company.
b. The company purchased supplies for $1,100 cash.
c. The owner invested $11,200 of equipment in the company in exchange for more common stock.
d. The company purchased $320 of additional supplies on credit.
e. The company purchased land for $10,200 cash.
Required:
Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a
minus sign.)
Transactions Number
Balance after a and b
Balance after c
d.
Balance after d
Balance after e
Cash
0
0
0
+ Supplies + Equipment +
+
+
+
+
4.2
Assets
+
0
0
0
+
+
2
-
0
0
0
COM
0
< Prev
+
+
+
+
+
+
+
+
Land
5 of 9
0
0
0
DOLAZ
UNI
II
MUSI
II
P
KUS
#SK
DE
MacBook Air
Liabilities
Accounts
Payable
0
0
CHILD
0
0
Next >
+
+
+
+
+
+
Common
Stock
0
0
0
Equity
Dividends + Revenue
0
0
0 +
+
0
0
0
C
-
1
-
-
Expenses
DESEN
0
0
0
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