Question: this is the question im stuck on. Brief Exercise 3-2 Crane Company made the following transactions: 1. Payment of a $215 invoice on account. 2.

this is the question im stuck on. Brief Exercise 3-2 Crane

this is the question im stuck on.

Brief Exercise 3-2 Crane Company made the following transactions: 1. Payment of a $215 invoice on account. 2. Increase in the fair value of a Fair Value-Net Income Investment by $275. 3. Sale on account for $123. 4. Purchase of equipment paid for with $565 cash and a $1,120 note payable. 5. Increase in the fair value of a Fair Value-ocI Investment by $163. 6. Repayment of a $1,915 bank loan. Indicate the effect of each of the transactions on (a) the basic accounting equation and (b) the expanded basic accounting equation. 1. 2

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