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1 Canada & Associates had the following assets and liabilities. Equity is: $ Cash in hand 4 000 Bank overdraft 11 000 Sundry creditors

1 Canada & Associates had the following assets and liabilities. Equity is: $ Cash in hand 4 000 Bank overdraft 11 000 Sundry creditors 3.000 Inventory 2 700 Sundry debtors 8 100 Office furniture 4 500 Loan from Perth Ltd 12 000 Motor vehicles 12 000 Select one: a. $5 300. b. $13 300. c. $8 300. d. $27 300.

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