Record the following transactions in the basic accounting equation: 1. Gracie Ryan invests $17,000 cash to begin a real estate company. 2. The real estate company buys $600 of computer equipment from Walmart for cash. 3. The real estate company buys $800 of additional computer equipment on account from Best Buy Hint: use Assets = Liabilities + Owners’ Equity
Record the following transactions in the basic accounting equation: 1. Gracie Ryan invests $17,000 cash to begin a real estate company. 2. The real estate company buys $600 of computer equipment from Walmart for cash. 3. The real estate company buys $800 of additional computer equipment on account from Best Buy Hint: use Assets = Liabilities + Owners’ Equity
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 2E: Determine the following amounts: a. The amount of the liabilities of a business that has 60,800 in...
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Record the following transactions in the basic
1. Gracie Ryan invests $17,000 cash to begin a real estate company.
2. The real estate company buys $600 of computer equipment from Walmart for cash.
3. The real estate company buys $800 of additional computer equipment on account from Best Buy
Hint: use Assets = Liabilities + Owners’ Equity
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