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: The owner invested $15,000 cash in the company in exchange for its common stock. The company purchased supplies for $500 cash. The owner invested $10,000 of equipment in the company in exchange for more common stock. The company purchased $200 of additional supplies on credit. The company purchased land for $9,000 cash. Required:Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)
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