Business, 18.02.2021 20:50 eternity88091

The following events occurred for Favata Company: Received $12,500 cash from owners and issued stock to them. Borrowed $9,500 cash from a bank and signed a note due later this year. Bought and received $1,050 of equipment on account. Purchased land for $17,000; paid $1,500 in cash and signed a long-term note for $15,500. Purchased $5,500 of equipment; paid $1,500 in cash and charged the rest on account. Required: For each of the events (a) through (e), perform transaction analysis and indicate the account, amount, and direction of the effect on the accounting equation. (Enter any decreases to account balances with a minus sign.)

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The following events occurred for Favata Company: Received $12,500 cash from owners and issued stock...