Create a table similar to Exhibit 1.9. Then use additions and subtractions to show the dollar effects
Question:
Create a table similar to Exhibit 1.9. Then use additions and subtractions to show the dollar effects of each transaction on individual items of the accounting equation.
a. The owner invested $15,000 cash in the company in exchange for its common stock.
b. The company purchased supplies for $500 cash.
c. The owner invested $10,000 of equipment in the company in exchange for more common stock.
d. The company purchased $200 of additional supplies on credit.
e. The company purchased land for $9,000 cash.
Exhibit 1.9.
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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