Question: You received partial credit in the previous attempt. View previous attempt 13 Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company

You received partial credit in the previous
You received partial credit in the previous attempt. View previous attempt 13 Assume Downer.com was organized on May 1, to compete with Despair, Inc.-a company that sells de-motivational posters and office products. The following events occurred during the first month of Downer.com's operations. 10 a. Received $76,000 cash from the investors who organized Downer.com Corporation. points b. Borrowed $28,000 cash and signed a note due in two years. tion c. Ordered computer equipment costing $20,000. d. Purchased $13,000 in equipment, paying $3,600 in cash and signing a six-month note for the balance. e. Received the equipment ordered in (c), paid for half of it, and put the rest on account. Required: w head 1. For each of the events (a) through (e), perform transaction analysis and indicate the amount of effect on the accounting equation. or page (Enter any decreases to account balances with a minus sign.) Assets Liabilities Shareholders' Equity Cash Equipment Accounts ST Notes LT Notes Contributed Payable Payable Payable Capital Beg + a 76,000 60,000 b 28,000 28,000 C. d. (36,000) 13,000 94,000 (10,000) 20,000 10,000 End 58,000 33,000 10,000 94,000 28,000 60,000 Mc Graw Hill

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