Question: Record the following transactions in the basic accounting equation: 1. Ryan invests $20,000 cash to begin a real estate company. 2. The real estate company
Record the following transactions in the basic accounting equation: 1. Ryan invests $20,000 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. 4. Withdraw $200 for personal usage. 5. Paid $1000 as rent in advance.
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