Essay
Tracey's Photography completes the following transactions:
a. Tracey invests $10,000 cash in her company.
b. The company purchases equipment on account, $500.
c. The company purchases additional equipment for cash, $200.
d. The company makes a payment on account for the equipment, $300.
Required: Record the above transactions in the basic accounting equation.
Correct Answer:
Verified
Correct Answer:
Verified
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