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ABC Company has the following accounts and balances at December 31. Service Revenue $200,000 Cash $25,000 Accounts Payable $13,000 Prepaid Rent $2,400 Salary Expense

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ABC Company has the following accounts and balances at December 31. Service Revenue $200,000 Cash $25,000 Accounts Payable $13,000 Prepaid Rent $2,400 Salary Expense $30,000 Accounts Receivable $13,000 What is the amount of total liabilities? A) $15,500 B) $13,000 C) $48,000 D) $35,000 Unearned Revenue $2,500 Utilities Expense $5,000 G

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