Madeline Abdul decided to open Madelines Nail Spa. Madeline completed the following transactions: 1. Invested $17,000 cash

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Madeline Abdul decided to open Madeline’s Nail Spa. Madeline completed the following transactions:

1. Invested $17,000 cash from her personal bank account into the business.

2. Bought store equipment for cash, $3,900.

3. Bought additional store equipment on account, $6,200.

4. Paid $800 cash to partially reduce what was owed from Transaction c.

Based on this information, record these transactions into the basic accounting equation.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 09:06 AM

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Madeline Abdul decided to open Madelines Nail Spa. Madeline completed the following transactions: 1. Invested $17,000 cash

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College Accounting A Practical Approach

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