Consider the following information: Accounts Payable: $4,000 Notes Payable: $10,000 Salaries payable: $1,000 Revenues: $5,000 Accounts Receivable: $5,000 Utilities Expense: $2,000 Cash: $5,000 Office Supplies: $1,000 Equipment: $20,000 Accumulated Depreciation Equipment: $5,000 Unearned Revenue: $2,000 Equity: $22,000 Salaries Expense: $1,000 From the above set of data, what is the total for assets, liabilities, and equity?

• a.)

  Total Assets: $29,000 Total Liabilities: $14,000 Total Equity: $9,000

• b.)

  Total Assets: $26,000 Total Liabilities: $17,000 Total Equity: $9,000

• c.)

  Total Assets: $36,000 Total Liabilities: $14,000 Total Equity: $9,000

• d.)

  Total Assets: $29,000 Total Liabilities: $12,000 Total Equity: $9,000