On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are...
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Accounting
On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $29,400; Supplies, $790; Equipment, $9,400; Accounts Payable, $8,200. What is the amount of owner's equity as of August 31 of the current year?
$29,810
$47,790
$12,590
$30,600
$31,390
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