Top Posters
Since Sunday
y
2
s
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
m
1
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
laurenamarissa laurenamarissa
wrote...
Go to Answer
Posts: 279
Rep: 0 0
5 years ago
Merchant Company provides plumbing services. Transactions of Merchant during the first year of operations are given below.

a)The owner, Carol Merchant, contributed $10,000 cash to form the business.
b)Paid $1,200 cash for equipment to be used for plumbing repairs.
c)Borrowed $11,000 from a local bank and deposited the money in the checking account.
d)Paid $400 rent for the year.
e)Purchased $400 of office supplies by cash.
f)Completed a plumbing repair project for a local lawyer and received $3,300 cash.

Calculate the amount of total liabilities at the end of the first year.
A) $11,000
B) $10,000
C) $19,800
D) $3,300
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 173 times
1 Reply
Replies
Answer verified by a subject expert
anonymous661anonymous661
wrote...
#1
Posts: 168
Rep: 37 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

laurenamarissa Author
wrote...

5 years ago
This helped my grade so much Perfect
jcarter
wrote...

Yesterday
Thank you, thank you, thank you!
DaiwalkerX
wrote...

2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1121 People Browsing
 175 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 83
  
 463
  
 772