a) Received

$13,000

cash from the owner Sharon McCoy.\ b) Paid

$1,200

cash for equipment to be used for plumbing repairs.\ c) Borrowed

$10,000

from a local bank and deposited the money in the checking account.\ d) Paid

$500

rent for the year.\ e) Purchased

$400

of office supplies by cash.\ i) Completed a plumbing repair project for a local lawyer and received

$3,300

cash.\ Calculate the amount of total liabilities at the end of the first year.\ A.

$13,000

\ B.

$10,000

\ C.

$3,300

\ D.

$21,800

a) Received $13,000 cash from the owner Sharon McCoy. b) Paid $1,200 cash for equipment to be used for plumbing repairs. c) Borrowed $10,000 from a local bank and deposited the money in the checking account. d) Paid $500 rent for the year. e) Purchased $400 of office supplies by cash. f) Completed a plumbing repair project for a local lawyer and received $3,300 cash. Calculate the amount of total liabilities at the end of the first year. A. $13,000 B. $10,000 C. $3,300 D. $21,800