Business, 24.06.2020 02:01, Nessakona1

During 2014, Comstock Company entered into the following transactions. 1. Purchased equipment for $286,176 cash.
2. Issued common stock to investors for $137,590 cash.
3. Purchased inventory of $68,480 on account.
Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanations for changes to Stockholders' Equity in the right-hand margin. For Retained Earnings, use separate columns for Revenues, Expenses, and Dividends if necessary. Use Illustration3-3 as a model.

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During 2014, Comstock Company entered into the following transactions. 1. Purchased equipment for $...