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Opened a bank account in the name of Hair It Is and deposited $ 2 0 , 0 0 0 of her own money in
Opened a bank account in the name of Hair It Is and deposited $ of her own money in this account as her initial investment the journal entries to record the transaction
Dr Equipment Cr Owner?s Capital Purchase of equipment on account
Dr Equipment Cr Accounts Payable Purchase of equipment on account
Dr Cash Cr Equipment Owners investment of cash in business
Dr Cash Cr Owner?s Capital Owners investment of cash in business
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