Question: 2 Assignment 1 (Chapters 1 & 2) Savet 10 Park & Company was recently formed with a $5,000 investment in the company by shareholders.

2 Assignment 1 (Chapters 1 & 2) Savet 10 Park & Company was recently formed with a $5,000 investment in the company by shareholders. The company then borrowed $2,000 from a local bank, purchased $1,000 of supplies on account, and also purchased $5,000 of equipment by paying $2,000 in cash and signing a promissory note for the balance, Based on these transactions, the company's total assets are points 01:20:20 Multiple Choice O $7,000 $9,000 $10.000 $1,000. Help Save & Exit Submit

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