Question:

A store owner has these assets: Cash, $4,760; Merchandise

Last updated: 8/12/2022

A store owner has these assets: Cash, $4,760; Merchandise

A store owner has these assets: Cash, $4,760; Merchandise Inventory, $78,200; Equipment, $25,600; Supplies, $1,240. One bill of $15,070 and another bill of $7,213 are owed. How much is the owner's capital?