IQ,Search US the past- yars, net ncome has been dedring because ofnharban sheppn

Question

IQ,Search US the past- yars, net ncome has been dedring because ofnharban sheppng centes. Atte edofthe coroary's year on November 30, 2017, thn flowing accounts "ppeared in two of ea triai balances. 25.900 25.900 Netes payObie 0,20 30,200 Owner's Capita 4,00045,000 Owner's Drawing 26,500 26,500 Prepaid Insurance 06,000 506,000 Property Tax Expense 36,500 $36,500 84,500 84,500 ,5009,500 tty Accounts Payable Accounts Recelvable 5,200 ,100 Property Taxes Payabie 45,500 145.500 RentExpees 15,000 15000 96,000 96,000 Depreciation Expense 11,000 Salaries and Wages Expenee 720,000 720,000 6,500 11,000 6,500 6500 Sales Commissions Expense Inberest Revenue 28,500 2,500 Sales Retums and Alowances MacBook A 1 5 K. command option

Explanation / Answer

Total liabilities = current liabilities +long term liabilities

   = 32900 + 36500

   = $69,400 answer

Total liabilities = current liabilities +long term liabilities

   = 32900 + 36500

   = $69,400 answer

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