Question: Gottfried Leibniz opened a computer store. He borrowed $80,000 and used $15,000 of his money. He paid $20,000 cash for merchandise and bought $7,850 in

Gottfried Leibniz opened a computer store. He borrowed $80,000 and used $15,000 of his money. He paid $20,000 cash for merchandise and bought $7,850 in merchandise on credit. He paid $8,575 cash for equipment. What is Gottfried's owner's equity? Show calculations that support your

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