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Mandy Arsen decided to open Mandy's Nail Spa. Mandy completed the following transactions: Based on this information, record these transactions into the basic accounting equation.
Mandy Arsen decided to open Mandy's Nail Spa. Mandy completed the following transactions: Based on this information, record these transactions into the basic accounting equation. Keep a running balance. Transaction lines are identified by the corresponding transaction letter (A., B, etc.). If the net effect of a transaction on an account category_Assets, Liabilities, or Owner's Equity- is $0, leave the cell blank, do not enter a "0". Beginning with transaction B., calculate the ending balances on the "Bal." line for applicable account categories that have a non-zero balance. (If an input field is not used in the transaction or balance [Bal.] line leave the field empty; do not enter a zero. Enter a decrease in an account category with a minus sign or parentheses.) Transactions A. Invested $19,000 cash from her personal bank account into the business. B. Bought store equipment for cash, $4,300. C. Bought additional store equipment on account, $6,200. D. Paid $600 cash to partially reduce what was owed from Transaction C
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