Assets | = | Liabilities | + | Equity | |||||||||||||
Cash | + | Supplies | + | Equipment | + | Land | = | Accounts payable | + | Common stock | - | Dividends | + | Revenue | - | Expenses | |
a | 15,400 | = | + | 15,400 | |||||||||||||
b | - 600 | + | 600 | = | |||||||||||||
bal. | 14,800 | + | 600 | = | + | 15,400 | |||||||||||
c | + | 10,200 | = | + | 10,200 | ||||||||||||
bal. | 14,800 | + | 600 | + | 10,200 | = | + | 25,600 | |||||||||
d | + | 220 | = | 220 | |||||||||||||
bal. | 14,800 | + | 820 | + | 10,200 | = | 220 | + | 25,600 | ||||||||
e | - 9,200 | + | 9,200 | = | |||||||||||||
bal. | 5,600 | + | 820 | + | 10,200 | + | 9,200 | = | 220 | + | 25,600 |
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The following transactions were completed by the company. a. The owner invested $15,400 cash in the...
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...
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The following transactions were completed by the company. a. The owner invested $16,600 cash in the company in exchange for its common stock. b. The company purchased supplies for $900 cash. c. The owner invested $10,800 of equipment in the company in exchange for more common stock d. The company purchased $280 of additional supplies on credit. e. The company purchased land for $9.800 cash. Required: Enter the impact of each transaction on individual items of the accounting...
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The following transactions were completed by the company. a. The owner invested $18,600 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,400 cash. c. The owner invested $11,800 of equipment in the company in exchange for more common stock. d. The company purchased $380 of additional supplies on credit. e. The company purchased land for $10,800 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter...
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The following transactions were completed by the company. a. The owner invested $15,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $500 cash. c. The owner invested $10,000 of equipment in the company in exchange for more common stock, d. The company purchased $200 of additional supplies on credit. e. The company purchased land for $9,000 cash. Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter...
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The following transactions were completed by the company. a. The owner (Alex Carr) invested $17.600 cash in the company. b. The company purchased supplies for $1150 cash, c. The owner (Alex Carr) Invested $11,300 of equipment in the company. d. The company purchased $330 of additional supplies on credit. e. The company purchased land for $10,300 cash. Required: Enter the impact of each transaction on Individual items of the accounting equation (Enter decreases to account balances with a minus sign.)...
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