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

Name: EllThe following transactions were completed by the company:a. The ow
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Description: EllThe 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 sto

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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