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who lives in Winnipeg, decided to open 's Nail Spa. completed the following transactions: LOADING... (Click the icon to view the transactions.) Based on the
who lives in Winnipeg, decided to open 's Nail Spa. completed the following transactions: LOADING... (Click the icon to view the transactions.) Based on the above information, record these transactions into the basic accounting equation. Question content area bottom Part 1 Record the transactions into the basic accounting equation. a. Invested cash from her personal bank account into the business. (Complete only the necessary answer boxes for your transaction lines. Carry down all balances, including zero balances. Enter decreases with a minus sign or parentheses.) Assets = Liabilities + Owner's Equity Cash + Equipment = Accounts Payable + M. Abdul's Capital a. 23,000 + = + 23,000 Bal. 23,000 + 0 = 0 + 23,000 Part 2 b. Bought store equipment for cash, . (Complete only the necessary answer boxes for your transaction lines. Carry down all balances, including zero balances. Enter decreases with a minus sign or parentheses.) Assets = Liabilities + Owner's Equity Cash + Equipment = Accounts Payable + M. Abdul's Capital b. (4,400) + 4,400 = + Bal. 18,600 + 4,400 = 0 + 23,000 Part 3 c. Bought additional equipment on account, . (Complete only the necessary answer boxes for your transaction lines. Carry down all balances, including zero balances. Enter decreases with a minus sign or parentheses.) Assets = Liabilities + Owner's Equity Cash + Equipment = Accounts Payable + M. Abdul's Capital c. + = + Bal. + = +
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