P1-1B. Mia Anabelle of Winnipeg began a new business called Mia's Nail Spa. The following transactions resulted: A. Mia invested $16,000 cash from her personal bank account into the salon. B. Bought equipment on account, $1,500. Dont be us C. Paid $800 cash to reduce what was owed from Transaction B. D. Purchased additional equipment for cash, $3,000. wou blocuie Record these transactions in the basic accounting equation. The accounting equation 2 (15 min) Check Figure Total Assets $16,700
P1-1B. Mia Anabelle of Winnipeg began a new business called Mia's Nail Spa. The following transactions resulted: A. Mia invested $16,000 cash from her personal bank account into the salon. B. Bought equipment on account, $1,500. Dont be us C. Paid $800 cash to reduce what was owed from Transaction B. D. Purchased additional equipment for cash, $3,000. wou blocuie Record these transactions in the basic accounting equation. The accounting equation 2 (15 min) Check Figure Total Assets $16,700
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Topic Video
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![P1-1B. Mia Anabelle of Winnipeg began a new business called Mia's Nail Spa. The
following transactions resulted:
A. Mia invested $16,000 cash from her personal bank account into the salon.
B. Bought equipment on account, $1,500.0 Onet bi
C. Paid $800 cash to reduce what was owed from Transaction B.
D. Purchased additional equipment for cash, $3,000. WOB
Cast Record these transactions in the basic accounting equation.
The accounting equation
2 (15 min)
Check Figure
Total Assets $16,700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2187700-a4f8-4e27-a1e8-20daeba976d7%2Fa7a1ca33-0d99-4c86-8c45-820b3446d506%2Fjm9ph0k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:P1-1B. Mia Anabelle of Winnipeg began a new business called Mia's Nail Spa. The
following transactions resulted:
A. Mia invested $16,000 cash from her personal bank account into the salon.
B. Bought equipment on account, $1,500.0 Onet bi
C. Paid $800 cash to reduce what was owed from Transaction B.
D. Purchased additional equipment for cash, $3,000. WOB
Cast Record these transactions in the basic accounting equation.
The accounting equation
2 (15 min)
Check Figure
Total Assets $16,700
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