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Merinda starts a new business by taking $5,000 out of her personal savings account and depositing the money into a business bank account. When Merinda
Merinda starts a new business by taking $5,000 out of her personal savings account and depositing the money into a business bank account. When Merinda does this, the accounting equation would show that $5,000 in _______ equals $5,000 in _______ for her business. Choose one answer. a. owners' equity; liabilities b. owners' equity; owners' equity c. assets; owners' equity d. assets; liabilities
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