The following transactions were completed by the company. a. The owner invested $15,600 cash in the company. b. The company purchased supplies for $650 cash. c. The owner invested $10,300 of equipment in the company. d. The company purchased $230 of additional supplies on credit. e. The company purchased land for $9,300 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number b. Balance after a and b C. Balance after c d. Balance after d e. Balance after e $ Cash 15,600 + + 15,600 + 15,600 + + 15,600+ + 15,600 + Assets Supplies + Equipment $ + 650 + 650 + + 650 + 230 + 880 + + 880 + 0 $ 10,300 + 10,300 + 10,300 + 10,300 + Land 0 0 = = = = = => = 0 => $ 9,300 = 9,300 = Liabilities Accounts Payable + Owner, Capital + $ 15,600 0 + 0 + + 0+ + + + 0+ 15,600 10,300 25,900- - 25,900 - 25,900 - Equity Owner, Withdrawals 0+ 0 0 + 0 + + + + + + Revenue 0 0 0 0 I Expenses 0 0 0 0

The following transactions were completed by the company. a. The owner invested $15,600 cash in the company. b. The company purchased supplies for $650 cash. c. The owner invested $10,300 of equipment in the company. d. The company purchased $230 of additional supplies on credit. e. The company purchased land for $9,300 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. Note: Enter decreases to account balances with a minus sign. Transactions Number b. Balance after a and b C. Balance after c d. Balance after d e. Balance after e $ Cash 15,600 + + 15,600 + 15,600 + + 15,600+ + 15,600 + Assets Supplies + Equipment $ + 650 + 650 + + 650 + 230 + 880 + + 880 + 0 $ 10,300 + 10,300 + 10,300 + 10,300 + Land 0 0 = = = = = => = 0 => $ 9,300 = 9,300 = Liabilities Accounts Payable + Owner, Capital + $ 15,600 0 + 0 + + 0+ + + + 0+ 15,600 10,300 25,900- - 25,900 - 25,900 - Equity Owner, Withdrawals 0+ 0 0 + 0 + + + + + + Revenue 0 0 0 0 I Expenses 0 0 0 0

Name: estKXAssignment icesGaccour X > Deepl XwThe following transactions we
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Description: estKXAssignment icesGaccour X > Deepl XwThe following transactions were completed by the company.a. The owner invested $15,600 cash in the company.b. The company purchased supplies for $650 cash.c. The owner invested $10,300 of equipment in the comp

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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