Question: Brevin Archibod owns Brevin s Lawncare Service The business has cash
Brevin Archibod owns Brevin’s Lawncare Service. The business has cash of $11,000 and equipment that costs $30,000. Debts of the business include accounts payable of $10,000 and a $4,000 note payable. Determine the amount of stockholders’ equity Brevin has in the business. Write the accounting equation for Brevin’s Lawncare Service.
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