1 of 5 This Question: 1 pl Question Help Sarah Anderson owns a travel agency in Manchester The business has cash of 3.000 and furniture that cost business. How much equity does Anderson have in the business? 12.000. Debts include accounts payable of 8,000. Using Anderson's figures, write the accounting equation of the Let's begin by recalling the accounting (balance sheet) equation Now we can enter the accounts which are affected by the transactions for opening the business Owner's equity Liabilities Assets Now we can enter the total amounts for each section of the accounting equation and confirm that it balances Liabilities Owner's equity Assets Accounts payable Cash Furniture equity in the business Based on the accounting equation, Sarah Anderson has renter any number in the innut fields then continue to the next