A company's trial balance included the following account balances: Accounts Payable $ 19,347 Accounts Receivable 81,476 Cash 73,464 Income Tax Payable 3,652 Inventory 25,956 Notes Payable, due in two years 1,849 Equipment 55,528 Stockholders’ Equity 204,208 Supplies
A company's trial balance included the following account balances: Accounts Payable $ 19,347 Accounts Receivable 81,476 Cash 73,464 Income Tax Payable 3,652 Inventory 25,956 Notes Payable, due in two years 1,849 Equipment 55,528 Stockholders’ Equity 204,208 Supplies
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 7DQ
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A company's
Accounts Payable | $ 19,347 |
---|---|
81,476 | |
Cash | 73,464 |
Income Tax Payable | 3,652 |
Inventory | 25,956 |
Notes Payable, due in two years | 1,849 |
Equipment | 55,528 |
204,208 | |
Supplies | 5,652 |
Wages Payable | 13,020 |
What is the amount of Total Liabilities on the Balance Sheet?
Multiple Choice
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