a. The owner invested $17,800 cash in the company. b. The company purchased supplies for $1,200...

 

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a. The owner invested $17,800 cash in the company. b. The company purchased supplies for $1,200 cash. c. The owner invested $11,400 of equipment in the company in exchange for more common stock. d. The company purchased $340 of additional supplies on credit. e. The company purchased land for $10,400 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. Assets Transactions Number Cash + Supplies Equipment + Land Liabilities + Accounts Payable Equity + Common Stock Dividends + Revenue Expenses a b. $ 17.800 + + $ 17,800 C Balance after a and b Balance after c 1,200 + 19,000 + S 1,200 + + 1,200 + 0 + 0 = 0 + 17,800 0 + 0 0 + $ 11,400 = + 11,400 + 19.000+ 1,200+ 11,400 + 0 0 + 29,200 0 d + Balance after d 19,000 340 + 1,540 + + + + 11,400 + 0 = 0 + 29,200 0 + 0 0 e. 10,400 + + $ 10,400 = + Balance after e 29,400 + 1,540 + 11,400 + 10,400 = 0 29,200 0 + 0 a. The owner invested $17,800 cash in the company. b. The company purchased supplies for $1,200 cash. c. The owner invested $11,400 of equipment in the company in exchange for more common stock. d. The company purchased $340 of additional supplies on credit. e. The company purchased land for $10,400 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. Assets Transactions Number Cash + Supplies Equipment + Land Liabilities + Accounts Payable Equity + Common Stock Dividends + Revenue Expenses a b. $ 17.800 + + $ 17,800 C Balance after a and b Balance after c 1,200 + 19,000 + S 1,200 + + 1,200 + 0 + 0 = 0 + 17,800 0 + 0 0 + $ 11,400 = + 11,400 + 19.000+ 1,200+ 11,400 + 0 0 + 29,200 0 d + Balance after d 19,000 340 + 1,540 + + + + 11,400 + 0 = 0 + 29,200 0 + 0 0 e. 10,400 + + $ 10,400 = + Balance after e 29,400 + 1,540 + 11,400 + 10,400 = 0 29,200 0 + 0