On april 1, 2018, Miranda sets up a firm and brings in office equipment of 50,000 inventory of 30.000 to the business. Ms Miranda puts 80,000 into a firm's cash box and 100,000 into the firms bank account. Meanwhile, the firm lends 50,000 cash to SJ and Associates and borrows from the bank to acquire a piece of premises. What is the amount of the firm's capital on April 1, 2018

Choices:

A. 510,000

B. 201,000

C. 260,000

D. 460,000

Correct answer

C. 260,000

how to solve it?