If Jane started a business with opening balance in Equity account of $50,000 and withdrew $10,000 during the year and posted Revenues of $80,000 with Expenses of $90,000 and subsequently invested $10,000. What will be her final balance in the Equity account?

A.

$40,000

B.

$10,000

C.

$50,000

D.

$30,000

A.

Assets increase by $5,000 and owner's equity increases by $5,000.

B.

Assets increase by $5,000 and owner's equity decreases by $5,000

C.

Liabilities increase by $5,000 and owner's equity decreases by $5,000

D.

Assets increase by $5,000 and liabilities increase by $5,000.