What is the total for assets, liabilities, and equity

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Question - Consider the following information:

Cash: $10,000

Accounts Payable: $3,000

Accounts Receivable: $2,000

Office Supplies: $1,000

Furniture: $15,000

Notes Payable: $10,000

Equity: $5000

From the above set of data, what is the total for assets, liabilities, and equity?

a)

Total Assets: $36,000

Total Liabilities: $21,000

Total Equity: $15,000

b)

Total Assets: $48,000

Total Liabilities: $43,000

Total Equity: $5,000

c)

Total Assets: $31,000

Total Liabilities: $15,000

Total Equity: $16,000

d)

Total Assets: $28,000

Total Liabilities: $13,000

Total Equity: $5,000

Reference no: EM132633130

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