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Analyze Predict what would happen to owner's equity if this business paid all of its bills today. Classifying Accounts Within the Accounting Equation Listed here are the account names and balances for Wilderness Rentals. Accounts Payable $ 7,000 Cash in Bank $ 5,000 Accounts Receivable 2,000 Office Equipment 3,000 Camping Equipment 12,000 Ronald Hicks, Capital 15,000 UNSTRUCTIONS Using these account names and balances: 1. List and total the assets of the business. 2. Determine the amount owed by the business. 3. Give the amount of the owner?s equity n the business. Analyze Design a diagram that shows the accounting equation for Wilderness Rentals