Show the effect that each of the following independent transactions has on the elements of the accounting equation.Specify the type of asset, liability or owners' equity account that would be affected. $\begin{array}{lll}\text { Transaction } &\text { Assets }&=\text { Liabilities }&+\text { Equity }\\hline
\text { example: Borrows } & + \text { Cash } & + \text { Bank loan } \
\$ 50,000 \text { from bank } & +50,000 & +50,000
\end{array}$ A) Employees work and earn $12,500, to be paid next week
B) Shareholder buys shares for 75,000
C) Pays $3,000 for current month's rent
D) Buys land for $15,000 cash and $85,000 loan
E) Sells $80,000 worth of goods on credit

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The Answer of Show the effect that each of the following independent transactions has on the elements of the accounting equation.Specify the type of asset, liability or owners' equity account that would be affected. $\begin{array}{lll}\text { Transaction } &\text { Assets }&=\text { Liabilities }&+\text { Equity }\\hline
\text { example: Borrows } & + \text { Cash } & + \text { Bank loan } \
\$ 50,000 \text { from bank } & +50,000 & +50,000
\end{array}$ A) Employees work and earn $12,500, to be paid next week
B) Shareholder buys shares for 75,000
C) Pays $3,000 for current month's rent
D) Buys land for $15,000 cash and $85,000 loan
E) Sells $80,000 worth of goods on credit

Show the Effect That Each of the Following Independent Transactions