This question only | Accounting homework help

On December 1, 2016, Geneva Jordan opened her new business with the following assets and liabilities. Complete the accounting equation for the firm.
  

  

  Accounts Payable
$
1,100
 
 
  Prepaid Rent
$
6,000
 

  Cash
 
3,950
 
 
  Loans Payable
 
15,500
 

  Equipment
 
26,200
 
 
  Supplies
 
1,250
 

  

Complete the accounting equation for the firm.

  

  Assets
$ [removed]  
=
  Liabilities
$ [removed]  

  Owner’s Equity
$ [removed]  

 

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