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During 2022, Ivanhoe Company entered into the following transactions, 1. 2 Purchased equipment for $...

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Accounting

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During 2022, Ivanhoe Company entered into the following transactions, 1. 2 Purchased equipment for $ 297,550 cash. Issued common stock to investors for $ 138,090 cash. Purchased inventory of $ 72,350 on account. 3. Using the following tabular analysis, show the effect of each transaction on the accounting equation (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Cash + Inventory + Equipment Accounts Payable (1) $ $ (2) (3) eTextbook and Media Liabilities Stockholders' Equity Accounts Payable + Equipment Common Stock Retained Earnings $ $ $ eTextbook and Media

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