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Mike Ackerman decided to open Mike’s Nail Spa Mike completed the following transactions Invested $24000 cash from his personal bank account into the business Bought store equipment for cash

Mike Ackerman decided to open Mike’s Nail Spa. Mike completed the following transactions: a. Invested $24,000 cash from his personal bank account into the business. b. Bought store equipment for cash, $3,700. c. Bought additional store equipment on account, $6,100. d. Paid $900 cash to partially reduce what was owed from transaction C. Record these transactions into the basic accounting equation.

May 01 2020 View more View Less

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