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The owner invested $15,200 cash in the company in exchange for its common stock. The company purchased supplies for $550 cash.
The owner invested $10,100 of equipment in the company in exchange for more common stock.
The company purchased $210 of additional supplies on credit.
The company purchased land for $9,100 cash.

Required:
Enter the impact of each transaction on individual items of the accounting equation.

Respuesta :

TomShelby

Answer:

A)

+15,200 cash (+A) +15,200 common stock (+E)

B)

-550 cash (-A) +550 supplies (+A)

C)

+1,000 equipment (+A) +1,000 common stock (+E)

D)

+210 supplies (+A) + 210 account payable (+L)

E)

+9,100 Land (+A) - 9,100 cash (-A)

Explanation:

Asset represent things and right the company has.

they will icnrease when purchased and decrease when used.

The liabilities represent the debt which is the purchase in account like (D)

Equity will be the investment make by the owners among the resutl generated for the business.

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