Use the Following Information as of December 31 to Determine

Multiple Choice

Use the following information as of December 31 to determine equity.
Accounts payable………………………… $ 800
Accounts receivable…………………….700
Cash……………………………………… 2,300
Wages expense………………………… 9,000
Wages payable……………………… 1,200

A) $1,000
B) $3,000
C) $5,000
D) $10,000
E) $11,000