Question: Record the following transactions into the basic accounting equation: Cash + Salon Equipment = Accounts Payable + B . Rey,Capital 1 . Bernie Rey invests

Record the following transactions into the basic accounting equation:
Cash + Salon Equipment=Accounts Payable+ B. Rey,Capital
1. Bernie Rey invests $20,000 to open a hair salon company.
2. The hair salon company buys new salon equipment for $10,000, paying $4,000 cash and putting the balance on account.
Calculate the ending balances.

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