The following transactions were completed by the company: a. The owner invested $18,400 cash in the...

 

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The following transactions were completed by the company: a. The owner invested $18,400 cash in the company. b. The company purchased supplies for $1,350 cash. c. The owner invested $11,700 of equipment in the company in exchange for more common stock. d. The company purchased $370 of additional supplies on credit. e. The company purchased land for $10,700 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. a. b. Balance after a and b C. Transactions Number Balance after c d. Balance after d e. Balance after e Cash 0 0 0 + + + + + + + + + 0 + Assets Supplies + Equipment + 0 + + 0 + + 0 + + 0 + + + 0 0 0 0 + + + + + + + + + Land 0 0 0 0 = = = = = = = = = = = Liabilities + Accounts Payable 0 0 0 0 + + + + + + + + + + Common Stock 0 0 - 0 - 0 Equity Dividends 0 0 + Revenue 0 + + + + + + 0 + + + 0 0 0 0 - Expenses 0 0 0 The following transactions were completed by the company: a. The owner invested $18,400 cash in the company. b. The company purchased supplies for $1,350 cash. c. The owner invested $11,700 of equipment in the company in exchange for more common stock. d. The company purchased $370 of additional supplies on credit. e. The company purchased land for $10,700 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. a. b. Balance after a and b C. Transactions Number Balance after c d. Balance after d e. Balance after e Cash 0 0 0 + + + + + + + + + 0 + Assets Supplies + Equipment + 0 + + 0 + + 0 + + 0 + + + 0 0 0 0 + + + + + + + + + Land 0 0 0 0 = = = = = = = = = = = Liabilities + Accounts Payable 0 0 0 0 + + + + + + + + + + Common Stock 0 0 - 0 - 0 Equity Dividends 0 0 + Revenue 0 + + + + + + 0 + + + 0 0 0 0 - Expenses 0 0 0

Answer rating: 100% (QA)

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