Accounting Assignment | College Homework Help

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 equation (Enter decreases to account balances with a minus sign.) Assets – Cash + Supplies – Equipment – Equity Dividends – Revenue Liabilities Accounts Payable Land Common stock – – Expenses 16 600 16,600 (900) 15,700 – 900 0 15.700 Bal 15,700 19 300) 5,900 Bal 1.100 10.800 Get Accounting Homework Help today