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During December of this year, G. Elden established Ginny's Gym. The following asset, liability, and owner's equity accounts are included in the chart of
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During December of this year, G. Elden established Ginny's Gym. The following asset, liability, and owner's equity accounts are included in the chart of accounts: During December, the following transactions occurred: a. Elden deposited $42,000 in a bank account in the name of the business. b. Bought exercise equipment for cash, $8,740, Ck. No. 1001 . c. Bought advertising on account from Hazel Company, $110. d. Bought a display rack (Store Equipment) on account from Cyber Core, $770. e. Bought office equipment on account from Office Aids, $220. f. Elden invested her exercise equipment with a fair market value of $1,250 in the business. g. Made a payment to Cyber Core, $220, Ck. No. 1002 . h. Sold services for the month of December for cash, $960. Accounts Payable Exercise Equipment Store Equipment Office Equipment G. Elden, Capital Income from Services Advertising ExpenseStep by Step Solution
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