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Transactions Consider the following transactions for Thomas Company and their effect on the accounting equation. Place the cursor on each transaction for transaction details. Determine the new balance for each component of the accounting equation resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave it blank. Transaction Assets Liabilities + Stockholders' Equity Beginning $0 $0 $0 1. Investment in the business 17,160 X 17,160 x 2. Borow cash 25,100 x 25,100 X urchase equipment 25,100 X 7,620 x 16,910 X Revenues earned 322,730 X 7,620 X 315,110X 5. Expenses incurred $ 111,830 X 7,620 X 104,210 X 6. Dividends 97,430 X 7,620 x 89,810 x Transactions Consider the following transactions for Thomas Company and their effect on the accounting equation. Place the cursor on each transaction for transaction details. Determine the new balance for each component of the accounting equation resulting from the transaction. (You will not need to enter the amount of each transaction, only the balance after the transaction.) If an amount box does not require an entry, leave it blank. Transaction Assets Liabilities + Stockholders' Equity Beginning $0 $0 $0 1. Investment in the business 17,160 X 17,160 x 2. Borow cash 25,100 x 25,100 X urchase equipment 25,100 X 7,620 x 16,910 X Revenues earned 322,730 X 7,620 X 315,110X 5. Expenses incurred $ 111,830 X 7,620 X 104,210 X 6. Dividends 97,430 X 7,620 x 89,810 x