The following transactions were completed by the company a. The owner (Alex Carr) invested $16,800 cash in the company b. The company purchased supplies for $950 cash c. The owner (Alex Carr) invested $10,900 of equipment in the company d. The company purchased $290 of additional supplies on credit e. The company purchased land for $9,900 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 Cash + Supplies + Equipment + Land = Accounts Payable + A. Carr, Capital − A. Carr, Withdrawals + Revenue − Expenses a. + + + = + − + − b. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 c. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 d. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 e. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0
The following transactions were completed by the company a. The owner (Alex Carr) invested $16,800 cash in the company b. The company purchased supplies for $950 cash c. The owner (Alex Carr) invested $10,900 of equipment in the company d. The company purchased $290 of additional supplies on credit e. The company purchased land for $9,900 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 Cash + Supplies + Equipment + Land = Accounts Payable + A. Carr, Capital − A. Carr, Withdrawals + Revenue − Expenses a. + + + = + − + − b. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 c. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 d. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0 e. + + + = + − + − Bal. 0 + 0 + 0 + 0 = 0 + 0 − 0 + 0 − 0
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 15EB: Discuss how each of the following transactions will affect assets, liabilities, and stockholders...
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The following transactions were completed by the company
a. The owner (Alex Carr) invested $16,800 cash in the company
b. The company purchased supplies for $950 cash
c. The owner (Alex Carr) invested $10,900 of equipment in the company
d. The company purchased $290 of additional supplies on credit
e. The company purchased land for $9,900 cash
Required:
Enter the impact of each transaction on individual items of the
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