Not yet answered Marked out of 2.00 PFlag question 15 19 The summary data of the ABC Car Rental for December, 2019 is presented below in an equation form: Assets = T. No. Cash + Acc Receivable Supp +10,000 +2,500 1,100 + 1,500 +3,000 Liabilities + plies + Furniture + +8,000 Shared Capital Earnings + Rev +10,000 +2,50 +6,500 0 +3,000 k Liabilities + Owner's Equity Shared Capital + Retained Earnings + Rev -Exp -Divid +10,000 +2,500 1,100 6,500 +3,000 III V k Which of the following statements describe Item II? Select one: a. All the above. b. Furniture was bought and paid for. c. Furniture was bought, paid some of the amount by cash and charging the rest on account. d. Furniture was bought on historical cost. e. Furniture was bought on account, thus creating a liability