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a. The owner (Alex Carr) invested $15,800 cash in the company. b. The company purchased supplies for $700 cash. c. The owner (Alex Carr) invested $10,400 of equipment in the company d. The company purchased $240 of additional supplies on credit. e. The company purchased land for $9,400 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 Liabilities Equity A. Carr, + Equipment Accounts Рayabie A. Carr, Withdrawals Еxpe Cash Supplies Land Revenue Capital a. b. Bal. C. +] Bal. d. Bal. e. +] Bal

a. The owner (Alex Carr) invested $15,800 cash in the company. b. The company purchased supplies for $700 cash. c. The owner (Alex Carr) invested $10,400 of equipment in the company d. The company purchased $240 of additional supplies on credit. e. The company purchased land for $9,400 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 Liabilities Equity A. Carr, + Equipment Accounts Рayabie A. Carr, Withdrawals Еxpe Cash Supplies Land Revenue Capital a. b. Bal. C. +] Bal. d. Bal. e. +] Bal

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Home Insert Draw Design Layout References Mailings Review View Help Grammarly Picture Format P Comments A Share W Color v O Picture Border 9 Position v A Send Backward v pi- A 0 2.72" E Artistic Effects O Picture Effects v En: Wrap Text v N Selection Pane Remove Corrections Alt Crop Background EA Transparency ♥ E Picture Layout Тext Bring Forward E Align Adjust Picture Styles N Accessibility Arrange Size a. The owner (Alex Carr) invested $15,800 cash in the company. b. The company purchased supplies for $700 cash. c. The owner (Alex Carr) invested $10,400 of equipment in the company d. The company purchased $240 of additional supplies on credit. e. The company purchased land for $9,400 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 Liabilities Equity Accounts Payable A. Carr, Сapital A. Carr, Cash + Supplies + Equipment + Land Revenue - r Expe %3D + Withdrawals a. + + b. + O Bal. ol + ol = 0 + o - ol + ol - %3D C. + + + - + - Bal. 0 = o + 0 + + + d. Bal. + - 0 + 0 = 0 - e. + + + Bal. 0 - 0 - Page 1 of 1 O words Text Predictions: On * Accessibility: Investigate O Focus 110% 10:56 PM P Type here to search 45°F 3/20/2022 近
Transcribed Image Text:AutoSave Off H Document2 - Word P Search (Alt+Q) Sign in File Home Insert Draw Design Layout References Mailings Review View Help Grammarly Picture Format P Comments A Share W Color v O Picture Border 9 Position v A Send Backward v pi- A 0 2.72" E Artistic Effects O Picture Effects v En: Wrap Text v N Selection Pane Remove Corrections Alt Crop Background EA Transparency ♥ E Picture Layout Тext Bring Forward E Align Adjust Picture Styles N Accessibility Arrange Size a. The owner (Alex Carr) invested $15,800 cash in the company. b. The company purchased supplies for $700 cash. c. The owner (Alex Carr) invested $10,400 of equipment in the company d. The company purchased $240 of additional supplies on credit. e. The company purchased land for $9,400 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 Liabilities Equity Accounts Payable A. Carr, Сapital A. Carr, Cash + Supplies + Equipment + Land Revenue - r Expe %3D + Withdrawals a. + + b. + O Bal. ol + ol = 0 + o - ol + ol - %3D C. + + + - + - Bal. 0 = o + 0 + + + d. Bal. + - 0 + 0 = 0 - e. + + + Bal. 0 - 0 - Page 1 of 1 O words Text Predictions: On * Accessibility: Investigate O Focus 110% 10:56 PM P Type here to search 45°F 3/20/2022 近
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