A business has Cash of ($ 3,000), Notes Payable of ($ 2,500), Accounts Payable of ($ 4,300),

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A business has Cash of $\$ 3,000$, Notes Payable of $\$ 2,500$, Accounts Payable of $\$ 4,300$, Service Revenue of $\$ 7,000$, and Rent Expense of $\$ 1,800$. On the basis of these data, how much are its total liabilities? (p. 61)

a. $\$ 5,500$

b. $\$ 6,800$

c. $\$ 9,800$

d. $\$ 13,800$

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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Question Posted: Jun 10, 2024 01:06 AM

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A business has Cash of ($ 3,000), Notes Payable of ($ 2,500), Accounts Payable of ($ 4,300),

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Financial Accounting

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