Chase Invests $5,000 of His Own Money in His New

Multiple Choice

Chase invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in his backyard for $10,000. At this point assets are ____, liabilities are ____, and owners' equity is ____.

A) $10,000; $5,000; $15,000
B) $15,000; $10,000; $5,000
C) $5,000; $0; $5,000
D) $15,000; $10,000; $0
E) $10,000; $5,000; $5,000