on july 31, 2020, the assets and lia Question
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Question
On July 31, 2020, the assets and liabilities for the Stop Bouffe restaurant were:
in the bank, $6000; accounts receivable, $16,000; supplies, $8,000;
equipment, $51,000; accounts payable, $15,000; bank loan, $30,000.
What is its equity?
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