Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational...

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Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com's operations. a. Received $76,000 cash from the investors who organized Downer.com Corporation. b. Borrowed $28,000 cash and signed a note due in two years. c. Ordered computer equipment costing $20,000. d. Purchased $13,000 in equipment, paying $3,600 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (c), paid for half of it, and put the rest on account. Required: 1. For each of the events (a) through (e). perform transaction analysis and indicate the amount of effect on the accounting equation. (Enter any decreases to account balances with a minus sign.) Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com's operations. a. Received $76,000 cash from the investors who organized Downer.com Corporation. b. Borrowed $28,000 cash and signed a note due in two years. c. Ordered computer equipment costing $20,000. d. Purchased $13,000 in equipment, paying $3,600 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (c), paid for half of it, and put the rest on account. Required: 1. For each of the events (a) through (e). perform transaction analysis and indicate the amount of effect on the accounting equation. (Enter any decreases to account balances with a minus sign.)