Question: QS 1 - 1 1 ( Algo ) Identifying effects of transactions using accounting equation - Assets and Liabilities LO P 1 The following transactions

QS 1-11(Algo) Identifying effects of transactions using accounting equation-Assets and Liabilities
LO P1
The following transactions were completed by the company.
a. The owner invested $16,200 cash in the company.
b. The company purchased supplies for $800 cash.
c. The owner invested $10,600 of equipment in the company.
d. The company purchased $260 of additional supplies on credit.
e. The company purchased land for $9,600 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.
 QS 1-11(Algo) Identifying effects of transactions using accounting equation-Assets and Liabilities

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