A business owner had sales of $78,000 and expenses of $42,000 last year. The owner took $54,000 out of the business for personal use. The owner's original investment was $20,000 in cash. The owner is having

A business owner had sales of $78,000 and expenses of $42,000 last year. The owner took $54,000 out of the business for personal use. The owner's original investment was $20,000 in cash. The owner is having trouble paying business expenses. Analyze the problem using the accounting equation and explain why the owner is having trouble paying expenses

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A business owner had sales of $78,000 and expenses of $42,000 last year. The owner took $54,000 out of the business for personal use. The owner's original investment was $2…

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