wner 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.       Transactions Number Assets = Liabilities + Equ

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.10E: Components of the Statement of Cash Flows Identify each of the following items as operating (O),...
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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.

 

 
 
Transactions Number Assets = Liabilities + Equity
Cash + Supplies + Equipment + Land = Accounts Payable + Common Stock Dividends + Revenue Expenses
a.   +   +   +   =   +     +    
b.   +   +   +   =   +     +    
Balance after a and b   +   +   +   =   +     +    
c.   +   +   +   =   +     +    
Balance after c   +   +   +   =   +     +    
d.   +   +   +   =   +     +    
Balance after d   +   +   +   =   +     +    
e.   +   +   +   =   +     +    
Balance after e   +   +   +   =   +     +    
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