On May 1, Chuck Taylor formed Fast-Forward, a shoe consulting business as a corporation. To start the business he invested $750,000 in cash. Enter the appropriate amounts reflecting the transaction into the accounting equation format shown below.
$$\begin{array} { | c | c | c | }
\hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \
\hline & & \
\hline
\end{array}$$

Question

On May 1, Chuck Taylor formed Fast-Forward, a shoe consulting business as a corporation. To start the business he invested $750,000 in cash. Enter the appropriate amounts reflecting the transaction into the accounting equation format shown below.
 $$\begin{array} { | c | c | c | } 
\hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \
\hline & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On May 1, Chuck Taylor formed Fast-Forward, a shoe consulting business as a corporation. To start the business he invested $750,000 in cash. Enter the appropriate amounts reflecting the transaction into the accounting equation format shown below.
 $$\begin{array} { | c | c | c | } 
\hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \
\hline & & \
\hline
\end{array}$$

On May 1, Chuck Taylor Formed Fast-Forward, a Shoe Consulting Assets = Liabilities + Equity \begin{array} { | c | c | c | } \hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \\\hline & & \\\hline\end{array} Assets =​ Liabilities +​ Equity ​​

On May 1, Chuck Taylor Formed Fast-Forward, a Shoe Consulting $\begin{array} { | c | c | c | } \hline \text { Assets } = & \text { Liabilities } + & \text { Equity } \\\hline & & \\\hline\end{array}$