Record the following transactions in the basic accounting equation: 1. Gracie Ryan invests $17,000 cash to begin a real estate company. 2. The real estate company buys $600 of computer equipment from Walmart for cash. 3. The real estate company buys $800 of additional computer equipment on account from Best Buy Hint: use Assets = Liabilities + Owners’ Equity

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.