Answer:
The journal entries for Cheyenne Repair Shop have been posted as required observing the golden rule of double entry,"for every debit entry there is corresponding credit and vice versa
It is noteworthy that the cash and equipment invested in the business represents Cheyenne's capital in the business
Also that accounting equation has been strictly adhered to since every transaction has doubles impact on it.
Explanation:
Find attached spreadsheet containing the journal entries.