Mike Ackerman decided to open Mikes Nail Spa. Mike completed the following transactions: a. Invested $17,000 cash

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Mike Ackerman decided to open Mike’s Nail Spa. Mike completed the following transactions:

a. Invested $17,000 cash from his personal bank account into the business.

b. Bought store equipment for cash, $3,900.

c. Bought additional store equipment on account, $6,100.

d. Paid $700 cash to partially reduce what was owed from transaction C.

Based on this information, record these transactions into the basic accounting equation.

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 09:37 AM

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Mike Ackerman decided to open Mikes Nail Spa. Mike completed the following transactions: a. Invested $17,000 cash

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College Accounting A Practical Approach

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