Marshal Inc. was incorporated as a private company in Germany. During the month of September,...

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Accounting

Marshal Inc. was incorporated as a private company in Germany. During the month of September, the company had the following transactions:
a. Borrowed $106,000 cash from a local bank, payable in two years.
b. Bought a factory building for $198,000; paid $90,000 in cash and signed a three-year note for the balance.
c. Paid cash for equipment that cost $216,000.
d. Purchased supplies for $32,400 on account.
Required:
PART 1
Analyze transactions (a)(d) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)
ANALYZE
Assets = Liabilities + Stockholders' Equity
PART 2
Record the transaction effects determined in requirement 1 using a journal entry format. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
RECORD
DATE Account Titles Debit Credit
PART 3
Summarize the journal entry effects from requirement 2 using T-accounts. (Mention Debit and Credit on the correct sides along with the totals)
SUMMARIZE
Account Name Account Name Account Name
Account Name Account Name Account Name

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