All business transactions affects assets , liabilities, stockholders, equity or some combination of these items following is an analysis of the equal dollar effect of two transaction.
Transaction (A) purchased $1000 of office supplies on credit.
Transaction (B) purchased a set of tires for $200 cash
Using the format above, analyze the effects of each of the following transaction for Fuente & Demond Realtors, Inc. on the firm's assets, liabilities, and stockholders equity.
a. Purchased equipment for $12.500
b. Sold an additional $17000 of stock in the firm to Fuente and Demond
c. Paid $1500 owed to an office supply store for a purchased made the previous month
d. Purchased supplies for $4000 on credit