Mia Anabelle of Winnipeg began a new business called Mias Nail Spa. The following transactions resulted: A.

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Mia Anabelle of Winnipeg began a new business called Mia’s Nail Spa. The following transactions resulted:

A. Mia invested $16,000 cash from her personal bank account into the salon.

B. Bought equipment on account, $1,500.

C. Paid $800 cash to reduce what was owed from Transaction B.

D. Purchased additional equipment for cash, $3,000.

Record these transactions in the basic accounting equation

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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