$[$The following information applies to the questions displayed below.$]$

MyBnB started a home rental company on January $1.$ As of November $30,$ MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year of operations so no net income has been reported in prior years.

$\backslash$table$[[$Accounts Payable,$$420,$Equipment,$$3,360$