The following transactions were completed by the company.
a. The owner (Alex Carr) inve...
The following transactions were completed by the company.
a. The owner (Alex Carr) invested $15,000 cash in the company in exchange for its common stock.
b. The company purchased supplies for $500 cash.
c. The company purchased $10,000 in equipment on credit (record liability as Note Payable).
d. The company purchased $200 of additional supplies on credit.
e. The company purchased land for $9,000 cash.
Required: Enter the impact of each transaction on individual items of the accounting equation. (Enter decreases to account balances with a minus sign.)
cash supplies equipment land accounts payable notes payable common stock divifrnds revenue expenses
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