Fred Pentell Company Completes the Following Transactions
A

Essay

Fred Pentell Company completes the following transactions
a. Mr. Pentell invests $5,500 cash in his company.
b. The company purchases equipment on account, $1600.
c. The company purchases additional equipment for cash, $600.
d. The company makes a payment on account for the equipment, $1,000.
Required: Record the above transactions in the basic accounting equation.
                                  Fred Pentell Company $$\begin{array}{l}\text {}\\\begin{array} { l l l l } &\text {ASSETS}&=\text {LIABILITIES}&+\text {PWNER`S EQUITY}\\\hline&\text {cash +equipment}&\text {accouint payable}&\text {F. Pentell, capital}\\\hline a.\\b.\\c.\\d.\\total\end{array}\end{array}$$