Book 1 - Chapter 21

21-3. Note: To help you remember the previous changes, the prior transactions are recorded
in black.

On October 1, David Jefferson invests $15,000 to start a new business called Reliable Real Estate Appraisal
Company.

On October 5, the business spends $5,000 cash to purchase $4,000 of computer equipment and $1,000 of
office supplies from a vendor.

Learning Goal 21, continued

SOLUTIONS

Learning Goal 21: Use the Owner’s Capital Accounts

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