John Brown invested in his new firm 4 000 worth of supplies, equipment and machinery valued at 5 000 notes payable based upon the equipment and machinery. What is the capital of the firm? A.
 Owner’s capital=19,600
  Assets=8,600+4,000+12,000=24,600
  Liability=5,000
B.
 Owner’s capital=19,600
  Assets=8,600+4,000+12,000=24,600
  Liability=19,600
C.
Owner’s capital=5,000
  Assets=8,600+4,000+12,000=24,600
  Liability=5,000
D.
None of the above.