all business transactions affect assets resources owned liabilities amounts owed stockholders equity ownership interest or some combination of/
Required:
Using the format above, analyze the effects of each of the following transactions for Fuente & Demond Realtors, Inc. on the assets, liabilities, and stockholders equity.
(a) Purchased equipment for $12,500 cash.
(b) Sold an additional $17,000 of stock in the ï¬rm to Fuente and Demond.
(c) Paid $1,500 owed to an office supply store for a purchase made the previous month.
(d) Purchased supplies for $4,000 on credit

