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The following transactions were completed by the company. a. The owner invested $15,400 cash in...

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Accounting

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The following transactions were completed by the company. a. The owner invested $15,400 cash in the company in exchange for its common stock. b. The company purchased supplies for $600 cash. c. The owner invested $10,200 of equipment in the company in exchange for more common stock. d. The company purchased $220 of additional supplies on credit. e. The company purchased land for $9,200 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Equity Liabilities Accounts Payable Cash + Supplies + Equipment + Land = Common Stock Dividends Revenue Expenses + + a + + + + + b + + + + + Bal 0 + 0 0 + 0 + + 0 = 0 + 0 - 0 + 0 - 0 C. + + + + 0 0 + 0 + 0 + 0 = 0 0 - 01 + 0 0 Bal. d. Bal. + + + + + + + + + + + 0 + 0 + 0 + 0 = 0 0 01 + 0 - 0 + + + + e. + + + = Bal. 0 + + 0 + 0 + 0 0 + 0 0 0 0

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