Problem
The Owners' equity of Sheena Bright's business in the beginning of year was $11,000 During the year, the business purchased a piece of land for $4,000 and earned service revenue of $10,000 The business has collected payment on account of $8,000 and has paid ${E},000 on account. How much total would be under the 'Owners' equity' side of the accounting equation after all the mentioned transactions?