The following transaction relates to Max’s business : 1 May purchase of goods for resale on credit -$300 2 May Max injects long terms capital into the business -$1400 3 May payment of rent made-$750 5 May Max withdraws cash from the business -$ 400 7 May sale made on credit -$1200 (Goods originally cost $600)
At the start of the week, the assets of the business were $15,700 and liabilities amounted to $11,200.
At the end of the week, what is the amount of Max’s capital? A $5350 B $1400 C $850 D $1000