Question: Record the following transactions in the basic accounting equation. Treat each one separately. a. Morgan invests $118,000 in company. b. Bought equipment for cash, $1,100.

Record the following transactions in the basic accounting equation. Treat each one separately.
a. Morgan invests $118,000 in company.
b. Bought equipment for cash, $1,100.
c. Bought equipment on account, $800.

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