Question: Which option is correct? Bing Enterprises was recently formed with a $9,000 investment in the company by shareholders. The company then borrowed $6,o00 from a_

Which option is correct?

Bing Enterprises was recently formed with a $9,000 investment in the company by shareholders. The company then borrowed $6,o00 from a_ bank, purchased $2,500 of supplies on account, and also purchased $8,000 of equipment by paying $5,000 in cash and signing a note for the balance. Based on these transactions, the company's total assets are: A. $13,000 B. $17,500 C. $20,500 D. $23,000

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