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On August 2, B. Fair invested $12,000 and $2,500 of equipment in his new business, B. Fair Repair Shop (a sole proprietorship). What account is

On August 2, B. Fair invested $12,000 and $2,500 of equipment in his new business, B. Fair Repair Shop (a sole proprietorship). What account is credited in the journal entry on August 2 and for what amount? Answer: Check

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