During May,the Friendly Resort had income of $10,000 and expenses of $4000.The owner withdrew $800 cash from the business during the month.If Owner's Equity on 31 May was $18,000,Onwer's Equity on 1 May must have been:
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During May,the Friendly Resort had income of $10,000 and expenses of $4000.The owner withdrew $800 cash from the business during the month.If Owner's Equity on 31 May was $18,000,Onwer's Equity on 1 May must have been:
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