Reference no: EM131760659

Question: During the month of July, the company had the following activities:

a. Issued 3,300 shares of common stock for $330,000 cash.

b. Borrowed $80,000 cash from a local bank, payable in four years.

c. Bought a building for $174,000; paid $70,000 in cash and signed a three-year note for the balance.

d. Paid cash for equipment that cost $94,000.

e. Purchased supplies for $94,000 on account.

Required: 1. Analyze transactions (a)-(e) to determine their effects on the accounting equation. (Enter any decreases to account balances with a minus sign.)

assets=Liability + stockholders Equity