32. juan opens a business and invests $5,000 in cash, a computer worth $2,500, and a selection of furniture…

32. juan opens a business and invests $5,000 in cash, a computer worth $2,500, and a selection of furniture worth $700. this transaction will increase\na. assets by $5,000\nb. assets by $8,200\nc. liabilities by $3,200\nd. liabilities by $8,200

32. juan opens a business and invests $5,000 in cash, a computer worth $2,500, and a selection of furniture worth $700. this transaction will increase\na. assets by $5,000\nb. assets by $8,200\nc. liabilities by $3,200\nd. liabilities by $8,200

Answer

Explanation:

Step1: Identify asset - types

Cash, computer and furniture are assets.

Step2: Calculate total asset increase

Total asset increase = Cash + Computer + Furniture = $5000 + $2500+ $700. $5000 + $2500+ $700 = $8200$.

Answer:

B. assets by $8,200