A business had the accounting equation shown below. assets $48\,000 = liabilities $7\,000 + capital $41\,000 The bank balance included in the assets was $1000. These transactions then took place. 1 The owner withdrew drawings of $2000 by cheque. 2 Goods intended for resale were bought on credit; the list price was $4000 less 25% trade discount. What would the accounting equation be after these transactions?
- Aassets $49\,000 = liabilities $10\,000 + capital $39\,000
- Bassets $50\,000 = liabilities $10\,000 + capital $40\,000
- Cassets $50\,000 = liabilities $11\,000 + capital $39\,000
- Dassets $51\,000 = liabilities $11\,000 + capital $40\,000