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Business, 24.02.2020 20:36 sti192

Simon and Son's has Accounts Receivable of $35,000, owes on account to Johnson Company $16,500 and has furniture totaling $12,250. They have $90,000 in cash on hand and the business has a $36,750 Note Payable. How much is Simon and Son's Owner's Equity? Use the accounting equation to solve this problem.

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