Question: Chapter 2 (Part B) Assignment (i 1 Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and

Chapter 2 (Part B) Assignment (i 1 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. 10quad a. Received $83,000 cash from the investors who organized Downer.com Corporation. b. Borrowed $28,500 cash and signed a note due in two years. c. Ordered computer equipment costing $18,000 Received the Required: 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.) Assets Liabilities {:[" Shareholders' "],[" Equity "],[{:[" Contributed "],[" Capital "]:}]:} Cash Equi

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