Chapter Activity 1: The Accounting Equation A. The owner (Alex Carr) invested $15, 000 cash in the company The company purchased $10,000 of equipment on credit. The credit was given based on a written note stating the terms of payment The company purchased $200 of additional supplies on credit B. The company purchased supplies for $500 cash C. D. E. The company purchased land for $9,000 cash F. The company received $7000 cash for plowing service provided to JMD company G. The company paid $600 for rent; $250 for utilities H. The company provided $9500 plowing service to MMJ on credit I. MMJ paid $9500 for the service received J. Note: use parenthesis around numbers to denote subtraction. Example ($500) The company paid $5000 on the notes payable for the equipment purchased on credit Use Exhibit 5 as an example to show the effect of each transaction on individual items of the accounting equation