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