On August 1,Red Company Purchased Computer Equipment for $10,000 Cash

Multiple Choice

On August 1,Red Company purchased computer equipment for $10,000 cash and also gave 100 shares of White common stock held by Red Company as an investment.The White common stock cost Red Company $5,000 and on August 1 had a market value of $4,200.Installation costs were $700 and shipping costs were $500.What amount should be the total amount debited to the computer equipment account?

A) $14,200
B) $15,000
C) $15,400
D) $16,200