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Item points eBookHintPrintReferencesCheck my workCheck My Work button is now enabledItem QS Algo Identifying effects of transactions using accounting equationAssets and Liabilities LO P The following transactions were completed by the company: The owner invested $ cash in the company. The company purchased supplies for $ cash. The owner invested $ of equipment in the company in exchange for more common stock. The company purchased $ of additional supplies on credit. The company purchased land for $ 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.
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QS Algo Identifying effects of transactions using accounting equationAssets and Liabilities LO P
The following transactions were completed by the company:
The owner invested $ cash in the company.
The company purchased supplies for $ cash.
The owner invested $ of equipment in the company in exchange for more common stock.
The company purchased $ of additional supplies on credit.
The company purchased land for $ 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.
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