Record the following transactions in the basic accounting equation: Assets = Liabilities + Owners Equity Treat each

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Record the following transactions in the basic accounting equation:

Assets = Liabilities + Owner’s Equity

Treat each transaction separately.

a. Ralph invests $8,000 in his company.

b. The company buys equipment for cash, $600.

c. The company buys equipment on account, $900.

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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Question Posted: Feb 23, 2016 05:51 AM

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Record the following transactions in the basic accounting equation: Assets = Liabilities + Owners Equity Treat each

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College Accounting A Practical Approach

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