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Accounts for XYZ Are as Follows Equity Is:
A)$13 300
B)$ - 400
C)$5300
D)$2300

Question 8

Multiple Choice

Accounts for XYZ are as follows:
 Cash $4000 Overdraft 11000 Creditors 3000 Invertory 2700 Accounts Receivable 8100 Furniture 4500 Loan payable 15000 Car 12000\begin{array} { l r } \text { Cash } & \$ 4000 \\\text { Overdraft } & 11000 \\\text { Creditors } & 3000 \\\text { Invertory } & 2700 \\\text { Accounts Receivable } & 8100 \\\text { Furniture } & 4500 \\\text { Loan payable } & 15000 \\\text { Car } & 12000\end{array}
Equity is:


A) $13 300
B) $ - 400
C) $5300
D) $2300

Correct Answer:

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