30: Accounts Payable Factory Building Cash Contributed Capital Equipment Transaction $ 21,000 103,300 29,300 191,000 129,000...

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30: Accounts Payable Factory Building Cash Contributed Capital Equipment Transaction $ 21,000 103,300 29,300 191,000 129,000 During the month of July, the company had the following transactions: a Issued 3,780 shares for $378,000 cash. b. Borrowed $112,000 cash from a local bank, payable in two years. c. Bought a factory building for $204,000; paid $93,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $222,000 e. Purchased supplies for $33,300 on account. a b C Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) d Land Notes Payable (long-term) Retained Earnings Supplies $ 211,000 4,200 264,500 8,100 Assets Liabilities Shareholders' Equity 30: Accounts Payable Factory Building Cash Contributed Capital Equipment Transaction $ 21,000 103,300 29,300 191,000 129,000 During the month of July, the company had the following transactions: a Issued 3,780 shares for $378,000 cash. b. Borrowed $112,000 cash from a local bank, payable in two years. c. Bought a factory building for $204,000; paid $93,000 in cash and signed a three-year note for the balance. d. Paid cash for equipment that cost $222,000 e. Purchased supplies for $33,300 on account. a b C Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.) d Land Notes Payable (long-term) Retained Earnings Supplies $ 211,000 4,200 264,500 8,100 Assets Liabilities Shareholders' Equity

Answer rating: 100% (QA)

To analyze the transactions from a to e in the image we need to determine their effect on the accounting equation which is Assets Liabilities Sharehol... View the full answer