Mandy Anabelle decided to open Mandy's Nail Spa. Mandy completed the following transactions: a. Invested $21,000 cash

Question:

Mandy Anabelle decided to open Mandy's Nail Spa. Mandy completed the following transactions:
a. Invested $21,000 cash from her personal bank account into the business.
b. Bought store equipment for cash, $3,500.
c. Bought additional store equipment on account, $5,750.
d. Paid $1,000 cash to partially reduce what was owed from transaction C.
Based on this information, record these transactions into the basic accounting equation.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: