Consider the Following Transactions: I

Multiple Choice

Consider the following transactions: I. Borrowed cash on a note payable, $80,000
II. Provided services on account, $10,000
III. Received cash from a customer as payment on account, $8,000
IV. Received a utility bill, $1,200
Total assets would be:

A) $96,800.
B) $88,000.
C) $90,000.
D) $98,000.