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Lang Enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. Required: a.
Lang Enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. |
Required: |
a. | Record the above events under an accounting equation. (Leave no cells blank - be certain to enter "0" wherever required. Amounts to be deducted should be indicated with minus sign.) b.
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