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Daniel's Catering began with cash of $ 8 , 0 0 0 . Daniel then bought supplies for $ 2 , 7 0 0 on

Daniel's Catering began with cash of $8,000. Daniel then bought supplies for $2,700 on account. Separately, Daniel paid $4,000 for equipment. Answer these questions.
a. How much in total assets does Daniel have?
b. How much in liabilities does Daniel owe?
a. How much in total assets does Daniel have?
Total assets =
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