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  3. the following events occurred for favata company:

The following events occurred for Favata Company: a. Recelved $19,500 cash from owners and issued...

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Accounting

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The following events occurred for Favata Company: a. Recelved $19,500 cash from owners and issued stock to them. b. Borrowed $16,500 cash from a bank and signed a note due later this yoar. c. Bought and recelved $1,750 of equipment on account. d. Purchased land for $31,000; paid $2,900 in cash and signed a long-term note for $28,100. c. Purchosed $12,500 of equipment: paid $2,900 in cast and charged the rest on account. Required: For each of the events (a) through (c), perform transt,tion analysis and indicate the account, amount, and direction of the effect on the occounting equation. (Enter any decreases to account balances with a minus sign.)

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