Question: Current Attempt in Progress Analyze the following transactions and show their effects on the basic accounting equation. a . Received $ 1 5 9 ,
Current Attempt in Progress
Analyze the following transactions and show their effects on the basic accounting equation.
a Received $ from investors buying shares in the company.
b Bought equipment for $ Paid half in cash, with the remainder to be paid in six months.
c Bought inventory costing $ on account.
d Sold inventory costing $ to customers, on account, for $
e Made a payment of $ on accounts payable.
f Borrowed $ from a bank. The interest on the loan is per year.
g Depreciated equipment by $
h Paid $ for supplies to be used in the future.
i Paid $ to the power company for electricity used during the period.
j Declared and paid dividends of $
Enter amounts that decrease account balance using either a negative sign preceding the number eg or parentheses eg Indicd whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable".
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