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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Assets Liabilities + Equity Cash + Supplies + Equipment + Land = Accounts + Common Dividends + Revenues Expenses Payable Stock