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C Thomas is the owner of Chico Plumbing. The following is a list of accounts from the accounting records of Chico Plumbing on 31

C Thomas is the owner of Chico Plumbing. The following is a list of accounts from the accounting records of Chico Plumbing on 31 May 2024: Vehicles Tools and equipment Creditors Debtors Cash in bank Long-term loan Required: Calculate the equity of Chico Plumbing on 31 May 2024. ANSWERS: Equity: R54 000 R15 000 R6 500 R3 700 R4 300 R20 000 Give only the amount without any brackets, spaces, a minus, or the "R" e.g. 20000

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