The Ledger and Posting 57 ee lg Cash - f DOIT 2 Recording Business Activities Kate Browne engaged in the following activities in establishing her salon, Hair It Is: 200 1. Opened a bank account in the name of Hair It Is and deposited $20,000 of her owglowners of money in this account as her initial investment. 2. Purchased equipment on account (to be paid in 30 days) for a total cost of $4,800. 3. Interviewed three people for the position of hair stylist equipment Prepare the entries to record the transactions. Acuintpell Solution Action Plan The three activities would be recorded as follows. Understand which activities need to be 20,000 recorded and which , ver of