The accounting equation of a business was as shown.
The assets included a bank balance of $1000.
The following transactions occurred.
1 The owner took drawings of $2000 by cheque.
2 Goods for resale were purchased on credit; list price was $4000 less 25% trade discount.
What was the accounting equation after these transactions?
1 )
A
2 )
B
C
4 )
D
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