How do i plug in information into basic accounting equation
Problem
You are investing 114,000 into a company. you bought equipment for cash, 1600. You then buy equipment on account, 1100. How do I plug in this information into a basic accounting equation? Assets = liabilities + owner's equity.
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You then buy equipment on account, 1100. How do I plug in this information into a basic accounting equation? Assets = liabilities + owner's equity.
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