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Chuck McElravy owns Common Grounds Coffee House, near the campus of Manatee College. The business has cash of

Chuck McElravy owns Common Grounds Coffee House, near the campus of Manatee College. The business has cash of $2,000 and furniture that cost $8,000. Debts include accounts payable of $1,000 and a $6,000 note payable. How much equity does McElravy have in the business? Using McElravy's figures, write the accounting equation of Common Grounds Coffee House.
                                                  
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