The following transactions were completed by the company. a. The owner (Alex Carr) invested $15,200 cash in the company. b. The company purchased supplies for $550 cash. c. The owner (Alex Carr) invested $10,100 of equipment in the company. d. The company purchased $210 of additional supplies on credit. e. The company purchased land for $9,100 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 Equity Liabilities + Accounts + Payable Cash A. Carr, Capital Supplies + Equipment + Land A. Carr, Withdrawals + - Revenue Expenses + a. + + b. + + Bal. + C. + + Bal. d. Bal. e. Bal. ++ ++ ++++ ++ + +++++ + + + + ++ + + + = = = = = = = = + + + + ++++ + + + + +

The following transactions were completed by the company. a. The owner (Alex Carr) invested $15,200 cash in the company. b. The company purchased supplies for $550 cash. c. The owner (Alex Carr) invested $10,100 of equipment in the company. d. The company purchased $210 of additional supplies on credit. e. The company purchased land for $9,100 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 Equity Liabilities + Accounts + Payable Cash A. Carr, Capital Supplies + Equipment + Land A. Carr, Withdrawals + - Revenue Expenses + a. + + b. + + Bal. + C. + + Bal. d. Bal. e. Bal. ++ ++ ++++ ++ + +++++ + + + + ++ + + + = = = = = = = = + + + + ++++ + + + + +

Name: The following transactions were completed by the company.a. The owner
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Description: The following transactions were completed by the company.a. The owner (Alex Carr) invested $15,200 cash in the company.b. The company purchased supplies for $550 cash.c. The owner (Alex Carr) invested $10,100 of equipment in the company.d. The compa

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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The following transactions were completed by the company a. The owner (Alex Carr) invested $16,800 cash in the company b. The company purchased supplies for $950 cash c. The owner (Alex Carr) invested $10,900 of equipment in the company 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 = Liabilities + Equity Cash + Supplies + Equipment + Land = Accounts Payable + A. Carr, Capital − A. Carr, Withdrawals + Revenue − Expenses a. + + + = + − + − b. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 c. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 d. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 e. + + + = + − + −…