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At the end of the first month of operations for Slow Motion Delivery Service, the business had the following accounts: Accounts Receivable P20,900 Prepaid Insurance

At the end of the first month of operations for Slow Motion Delivery Service, the business had the following accounts:

Accounts Receivable

P20,900

Prepaid Insurance

7,500

Equipment

96,300

Cash

31,700

On the same date, Slow Motion owed the following to creditors:

Treasure Supply Company

P17,100

Trey Office Equipment

14,600

How much is the owners equity of Slow Motion Delivery Service at the end of the first month of operation?

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