© The McGraw-Hill Companies, Inc., 2008 McGraw-Hill/Irwin 1-34 Transaction Analysis Purchased Supplies of $200 and Equipment of $1,000 on account. A2
{"Image DocumentName": "Transaction AnalysisA2. Purchased Supplies of  200 and Equipment of  1,000 on account.", "Image ImageDescription": "You can see the balance in the cash, supplies and equipment accounts. The total on the asset side of the equation is twenty one thousand, two hundred dollars. We acquired the assets without paying cash. If you use a credit card to purchase gas for your car, you receive an asset, gas, and incur an account payable to the credit card company. The balance in the liabilities accounts is now twelve hundred dollars, and the common stock account balance is still twenty thousand dollars. 30.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}