Q2: Assume a company's January 1st, 2019 financial position was: Assets, $40000 and liabilities, $15000. During January 2019, the company completed the following transactions: (a) paid accounts payable for $6000; collected accounts receivable for $4000 and (c) purchased a truck using $1000 in cash and borrowing $8000 from the bank. The company's January 31.

1. Assets LiabilitiesEquity

$47000$22000 $25000

B. Assets LiabilitiesEquity

$42000$9000 $33000

C.Assets LiabilitiesEquity

$44000$17000 $27000

D.Assets LiabilitiesEquity

$42000$17000 $25000