Question

a. The owner invested $18,000 cash in the company in exchange for its common stock. b. The company purchased supplies for $1,250 cash. c. The owner invested $11,500 of equipment in the company in exchange for more common stock. d. The company purchased $350 of additional supplies on credit. The company purchased land for $10,500 cash.Required:Write down the impact of each transaction on individual items of the accounting equation.

Answer 1

Answer:

since there is not enough room here I used an excel spreadsheet

Explanation:

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