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 | |||||
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| Complete the accounting equation for the firm. |
| Assets | $ [removed] | = | Liabilities | $ [removed] | + | Owner’s Equity | $ [removed] |
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