1 answer

Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline...

Question:

Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasolin

Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable 4,000 6,000 700 10,000 9,000 8,200 7,100 1,600 34,000 3,900 DO What is the amount of total liabilities at the end of the year? A. $24,600 B. $20,700 C. $12,400 OD. $12,200

Answers

Total Liabilities

= Accounts payable 4,000 + Notes payable 8,200 + Salaries payable 200

= 4,000 + 8,200 + 200

= $12,400

Option C

.

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