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John Landscaping Started 2024 with total assests of $13,000 and total liabilities of $8,000. At the end of 2024, Johns total assests stood at $20,000
John Landscaping Started 2024 with total assests of $13,000 and total liabilities of $8,000. At the end of 2024, Johns total assests stood at $20,000 and total liabilities were $4000.
1. Did the owners equity of john landscaping increase or decrease during 2024? by how much?
2. Identify the four possible reasons that owners equity can change.
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