These are account balances as of December 31, 2008 of C Sitohang, owner of a movie

theater.

- Accounts payable                     $ 11,400                      - Film rental exp                      $ 6,000

- Admissions income                $ 34,200                      - Miscellaneous exp               $ 4,000

- Capital, Januay1, 2008           $ 16,000                      - Notes payable                       $ 1,000

- Cash                                           $ 7,500                        - Rent expense                        $ 10,000

- Drawing                                      $ 5,400                        - Salaries expense                 $ 7,000

- Equipment                                 $ 18,500                      - Supplies                                 $ 4,200

The capital for the December 31, 2008 is....

A. $ 7,200

B. $ 12,400

C. $ 16,000

D. $ 17,800

E. $ 23,200