22 of 25 Jennifer Warren started a new business. One month after she started it, she had the following accounts and account balances. Cash $400; Prepaid Insurance, $500 (for the upcoming five months); Accounts Receivable, $1,200; Accounts Payable, $700; Capital Stock; $1,300; Retained Earnings, $100. What account and amount represents a liability for Jennifer's business? Accounts Receivable, $1,200. Prepaid Insurance, $500. Accounts Payable, $700. Capital Stock, $1,300. Next