Record the following transactions using the accounting equation.
Example:
Assets = Liabilities + Equity
XXXX(cash) XXXX(accounts payable)
A. Amanda invests $17,000 cash into her merchandising
business.
B. She buys $6,500 of office equipment and $3,000 of office
supplies with cash from Office Depot.
C. Additional purchases were supplies for $35,000 on
account from various suppliers.
1 answer