Question 14 of 20 Use the following information to answer the question below: Debits (Balances/totals) Water and electricity Vehicle at cost Debtors Inventory Insurance Salaries Telephone expenses Credits (Balances/totals) R 20 000 Service fees 220 000 Rental income 25 000 Interest income 65 000 Creditors 15 000 Long-term loan 24 000 Capital 9 600 Bank 378 600 R 240 000 30 000 2 500 5 500 12 600 85 000 3 000 378 600 The accounting equation (A = E + L) can be expressed as . A. R310 000 = R291 900 + R18 100 B. R378 600 = R85 000 + R293 600 C. R310 000 = R288 900 + R21 100 D. R378 600 = R357 500 + R21 100