The following information relates to JJ Manufacturers as at 31 August

20X7:

Plant and equipment	25600
Trade payables	6600
Cash	1500
Drawings for the period to 31 August 20X7	7000
Profit for the period to 31 August 20X7	9500
Inventories	8600
Trade receivables	10200

What was the owner's equity at the beginning of the financial year to 31 August

20X7?

ACCO1116-Jan start 20/21 2.2 Assets and claims 6 of 44 Exercise 2.2.6 The following information relates to JJ Manufacturers as at 31 August 20X7 Plant and equipment 25600 Trade payables 6600 Cash 1500 Drawings for the period to 31 August 20X7 7000 Profit for the period to 31 August 20X7 9500 Inventories 8600 Trade receivables 10200 What was the owner's equity at the beginning of the financial year to 31 August 20X7? The owner's equity at the beginning of the financial year to 31 August 20X7 was