The equity belongs to Paul because he is the sole owner of the business. Can you explain

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The equity belongs to Paul because he is the sole owner of the business. Can you explain how the figure for equity by Thursday evening has arisen? You will need to look back at the events of Monday, Tuesday and Wednesday to do this.

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Accounting An Introduction

ISBN: 9780273733201

5th Edition

Authors: Eddie McLaney, Dr Peter Atrill, Eddie J. Mclan

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