Assume Downercom was organized on May to compete with Despair, Inca company that sells demotivational posters and office products. The following events occurred during the first month of
Downer.com's operations.
a Recelved $ cash from the investors who organized
Downer.com Corporation.
b Borrowed $ cash and signed a note due in two years.
c Ordered computer equlpment costing $
d Purchased $ in equipment, paying $ in cash and signing a sixmonth note for the balance.
e Recelved the equipment ordered in c paid for half of it and put the rest on account.
Required:
For each of the events a through e perform transaction analysis and indicate the amount of effect on the accounting equation. Enter any decreases to account balances with a minus sign.
tableAssets,Liabilities,tableShareholdersEquityContributedCapitalCash,Equipment,tableAccountsPayabletableST NotesPayabletableLT NotesPayableBegabcA
