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Mike's Mulching had the following assets and liabilities: $ Cash 5 000 Accounts payable 4.000 Accounts receivable 8 100 Office furniture 4 500 Bank

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Mike's Mulching had the following assets and liabilities: $ Cash 5 000 Accounts payable 4.000 Accounts receivable 8 100 Office furniture 4 500 Bank loan 15 000 Equipment 12 000 What would owners' equity be? a. 2,400 b. 21,300 c. 48,600 d. 10,600

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