Melody Abington decided to open Melodys Nail Spa. Melody completed the following transactions: 1. Invested $19,000 cash
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Melody Abington decided to open Melody’s Nail Spa. Melody completed the following transactions:
1. Invested $19,000 cash from her personal bank account into the business.
2. Bought store equipment for cash, $3,400.
3. Bought additional store equipment on account, $6,100.
4. Paid $1,200 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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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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