This question only | Accounting homework help

On December 1, 2016, Geneva Jordan opened her new business with the following assets and liabilities. Complete the accounting equation for the firm.

  

  
  Accounts Payable $ 1,100       Prepaid Rent $ 6,000  
  Cash   3,950       Loans Payable   15,500  
  Equipment   26,200       Supplies   1,250  

  

Complete the accounting equation for the firm.

  

  Assets $ [removed]   =   Liabilities $ [removed]   +   Owner’s Equity $ [removed]  

 

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