Wendy Craven owns a travel agency near the campus of Prince George's Community College. The business has
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Wendy Craven owns a travel agency near the campus of Prince George's Community College. The business has cash of \(\$ 2,000\) and furniture that cost \(\$ 8,000\). Debts include accounts payable of \(\$ 6,000\). Using Craven's figures, write the accounting equation of the travel agency. How much equity does Craven have in the business?
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