On December 1, 2019, Geneva Jordan opened her new business with the following assets and liabilities. Complete the accounting equation for the firm.
$\begin{array}{|l|r|l|r|}
\hline \text { Accounts Payable } & \$ 2,100 & \text { Prepaid Rent } & \$ 7,000 \
\hline \text { Cash } & 3,750 & \text { Loans Payable } & 15,000 \
\hline \text { Equipment } & 26,200 & \text { Supplies } & 1,900 \
\hline
\end{array}$
Assets $________ = Liabilities $________ + Owner's Equity $________

Question

On December 1, 2019, Geneva Jordan opened her new business with the following assets and liabilities. Complete the accounting equation for the firm.
 $\begin{array}{|l|r|l|r|}
\hline \text { Accounts Payable } & \$ 2,100 & \text { Prepaid Rent } & \$ 7,000 \
\hline \text { Cash } & 3,750 & \text { Loans Payable } & 15,000 \
\hline \text { Equipment } & 26,200 & \text { Supplies } & 1,900 \
\hline
\end{array}$ 
Assets $________ = Liabilities $________ + Owner's Equity $________

Quizplus · Accepted Answer

The Answer of On December 1, 2019, Geneva Jordan opened her new business with the following assets and liabilities. Complete the accounting equation for the firm.
 $\begin{array}{|l|r|l|r|}
\hline \text { Accounts Payable } & \$ 2,100 & \text { Prepaid Rent } & \$ 7,000 \
\hline \text { Cash } & 3,750 & \text { Loans Payable } & 15,000 \
\hline \text { Equipment } & 26,200 & \text { Supplies } & 1,900 \
\hline
\end{array}$ 
Assets $________ = Liabilities $________ + Owner's Equity $________

On December 1, 2019, Geneva Jordan Opened Her New Business