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QC$2-2($similar to$)$

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QC$2-3($similar to$)$

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QC$2-5($similar to$)$

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QC$2-7($book$/$static$)$

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$5$

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$6$

S$2-6($similar to$)$

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S$2-14($similar to$)$

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$8$

QC$2-10($similar to$)$

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$2\mathrm{.}4-20$

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$10$

S$2-13($similar to$)$

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Part $1$

ShaneShane$\text{'}$s

Catering began with cash of

$ $18$ comma $000$$$18,000.$

ShaneShane

then bought supplies for

$ $2$ comma $400$$$2,400$

on account.$$ Separately,

ShaneShane

paid

$ $6$ comma $000$$$6,000$

for equipment. Answer these questions.

a$.$How much in total assets does

ShaneShane

$$have$?$

b$.$How much in liabilities does

ShaneShane

$$owe$?$