255 At 30 September 20X8, the following require items inclusion in MCD Co's financial statements:
(1) On 1 September 20X8, MCD Co received \( \$ 5,000 \) as a deposit for goods which were despatched to the customer on 15 October \( 20 \times 8 \).
(2) On 1 August 20X8, MCD Co paid an insurance premium of \( \$ 5,000 \) for the six month period commencing 1 July 20X8.
(3) On 1 April 20X8, MCD Co raised a five-year bank loan of \( \$ 12,000 \) which is repayable in a single capital sum at the end of the loan term. Interest is payable on the loan annually in arrears at \( 5 \% \) per annum.
For these items, what was the effect of these transactions total figures included in the MCD Co's statement of financial position at \( \mathbf{3 0} \) September 20X8?
\begin{tabular}{llrlr}
A & Current assets & \( \$ 17,000 \) & Current liabilities & \( \$ 2,800 \) \\
B & Current assets & \( \$ 19,500 \) & Current liabilities & \( \$ 10,300 \) \\
C & Current assets & \( \$ 14,500 \) & Current liabilities & \( \$ 5,300 \) \\
D & Current assets & \( \$ 7,500 \) & Current liabilities & \( \$ 5,300 \)
\end{tabular}
