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Deb GarryGarry started an interior design company called Interiors by DebDeb , Inc . , on AprilApril 1 , 2 0 1 8 2 0

Deb GarryGarry started an interior design company called Interiors by DebDeb,Inc., on AprilApril 1,20182018. The following amounts summarize the financial position of her business on AprilApril 14,20182018, after the first two weeks of operations: Enter the remaining transactions for the month of AprilApril into the expanded accounting equation, calculating new balances after each transaction. (If a box is not used in the table, leave the box empty; do not enter a zero. Carry down all balances, including zero balance accounts. Enter decreases with a minus sign or parentheses. Abbreviations used: AR- Accounts receivable; Sup= Supplies; Equip= Equipment; AP= Accounts payable; CS= Common stock; Rev= Revenue; Exp= Expense; Div= Dividends.)
a. GarryGarry received $ 10 comma 000$10,000 as a gift and used it to buy common stock in the business.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
Bal
1,490
+
4,130
+
0
+
26,000
=
5,200
+
21,890
+
6,300
-
1,770
-
0
a.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 2
b. Paid off the beginning balance of Accounts payable.

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