Question: Ming An owns Ming s Lawncare Service The business has cash
Ming An owns Ming’s Lawncare Service. The business has cash of $3,000 and equipment that costs $12,000. Debts of the business include accounts payable of $6,000 and a $5,000 note payable. Determine the amount of shareholders’ equity Ming has in the business. Write the accounting equation for Ming’s Lawncare Service.
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