TB MC Qu$.01-118($Algo$)$ On May $31$ of the current...

On May $31$ of the current year, the assets and liabilities of Riser, Incorporated are as follows: Cash $$19,300$; Accounts Receivable, $$7,200$; Supplies, $$600$; Equipment, $$11,950$; Accounts Payable, $$9,250.$ What is the

amount of equity as of May $31$ of the current year?

Multiple Choice

$$39,050$

$$13,050$

$$19,300$

$$29,800$

$$48,300$