Mia Anabelle, who lives in Winnipeg, decided to open Mias Nail Spa. Mia completed the following transactions:

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Mia Anabelle, who lives in Winnipeg, decided to open Mia’s Nail Spa. Mia completed the following transactions:

A. Invested $20,000 cash from her personal bank account into the business.

B. Bought equipment for cash, $4,000.

C. Bought additional equipment on account, $6,000.

D. Paid $1,000 cash to reduce what was owed from Transaction C.

Based on the above information, record these transactions in the basic accounting equation.

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College Accounting A Practical Approach

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Authors: Jeffrey Slater, Brian Zwicker

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Question Posted: Feb 23, 2016 05:51 AM

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Mia Anabelle, who lives in Winnipeg, decided to open Mias Nail Spa. Mia completed the following transactions:

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Transaction a BALANCE Transaction b BALANCE Transaction c BALANCE ...View the full answer

College Accounting A Practical Approach

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