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  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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