× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
w
3
w
3
e
3
3
r
3
b
2
M
2
V
2
f
2
c
2
c
2
K
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
christyjames christyjames
wrote...
Posts: 318
Rep: 19 0
6 years ago
Following is a list of account balances of Suburban Lawn Services as of December 31 of the first year of operation.

Accounts Receivable$5,000
Accounts Payable7,000
Salaries Expense4,000
Repairs Expense900
Truck10,000
Equipment12,000
Notes Payable8,100
Cash7,200
Supplies Expense1,100
Service Revenue32,000
Gasoline Expense3,300
Salaries Payable500

What is the amount of total liabilities at the end of the year?
A) $15,600
B) $24,900
C) $21,600
D) $15,100
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 44 times
2 Replies

Related Topics

Replies
wrote...
#1
6 years ago
 A
Explanation:  A)
Accounts Payable$7,000
Notes Payable8,100
Salaries Payable    500
Total liabilities$15,600
christyjames Author
wrote...
#2
6 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1307 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 31
  
 56
  
 51
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 824
Previous poll results: Do you trust social media networks with protecting your privacy?