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Shu commenced business on 1 January 2021 with equity of 40,000. During the year ended...

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Accounting

Shu commenced business on 1 January 2021 with equity of 40,000. During the year ended 31 December 2021 she paid 65,000 to purchase goods for sale (all of which were sold) and 16,400 for various expenses. She received 88,700 from the sale of goods. Shu has drawn 11,000 in cash and introduced a motor car valued at 7,200 into the business. What was Shu's equity at 31 December 2021? Question 5 options: 36,300 43,500 51,100 28,900

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