What did Jesus accomplish on the Cross?

Jesus purchased His people (Jn. 6:36, 39; 1 Pet. 1:18-19). He showed God’s amazing love (Jn. 3:16; 15:13; 1 Jn. 3:16). He brought justification to all who would place their faith in Him (Rom. 5:18) by dying for their sins, in their place (1 Cor. 15:3; 1 Pet. 2:24; 3:18; Is. 53). He absorbed the wrath of God (1 Jn. 2:2). He became sin and made all who trust in Him the righteousness of God (2 Cor. 5:21). He canceled debt (Col. 2:14). He brought reconciliation (Rom. 5:10; Eph. 2:16; Col. 1:20-22). He defeated Satan, sin, and death and brought victory (Gen. 2:15; 1 Cor. 15; Col. 2:11-15; Heb. 2:14; Is. 53).
Jesus knew no sin, yet He became sin. We see the idea of someone bearing sin in the place of others attested to in both the Old Testament and New Testament (cf. Lev. 10:17; 16:21-22; Is. 53:6, 11-12; Jn. 1:29). Jesus is the Lamb without blemish that takes away our sin by dying in our place but He also rises; priest and lamb are not His only office. Jesus is also the coming King who reigns eternally. Consequently, the salvation that Christ brings through His work on the cross brings not only appeasement from wrath but also entrance back into the true Promised Land, the Garden of Eden. So, “the gospel is the good news of the Kingdom through the cross,” as Kevin DeYoung and Greg Gilbert say. The New City Catechism says, “Christ’s death is the beginning of the redemption and renewal of every part of fallen creation, as he powerfully directs all things for his own glory and creation’s good” (Q. 26).
Christ’s work and resurrection propels on this world new creation (cf. Rom. 8:29; 1 Cor. 15:20; Col. 1:18), it is the inevitable avalanche that will eventually encompass the whole earth (Ps. 72:19; Is. 11:9; Hab. 2:14) and those in Christ will be swallowed up in the effulgence of its glory, there to bask in eternal joy. Christ’s work on the cross and resurrection is the dawn, the first light, but soon the full splendor of the sun.