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19. InstaChat Company is preparing to create financial statements at the end of the accol end of period account balances (except the balance for retained
19.
InstaChat Company is preparing to create financial statements at the end of the accol end of period account balances (except the balance for retained earnings is the begin - Accounts Payable: $50,000 - Accounts Receivable: $70,000 - Accumulated Depreciation-Equipment: \$150,000 - Cash: $80,000 - Common Stock: $100,000 - Depreciation Expense: $30,000 - Dividends: $25,000 - Equipment: $350,000 - Notes payable: $20,000 - Rent Expense: $25,000 - Retained Earnings (beginning balance): \$30,000 - Service Revenue: $250,000 - Supplies: $10,000 - Supplies Expense: $70,000 - Unearned Service Revenue: $60,000 How much are total liabilities? Do not enter dollar sign or commas; just numbersStep by Step Solution
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