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At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $11,600; Prepaid Insurance, $540;
At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $11,600; Prepaid Insurance, $540; Equipment, $26,700 and Cash, $21,900. On the same date, SloMo owed the following creditors: Simpson Supply Company, $17,500; Allen Office Equipment, $15,000. The total amount of Liabilities is:
At the end of the first month of operations for
SloMo Delivery Service, the business had the
following accounts: Accounts Receivable, $11,600;
Prepaid Insurance, $540; Equipment, $26,700 and
Cash, $21,900. On the same date, SloMo owed the
following creditors: Simpson Supply Company,
$17,500; Allen Office Equipment, $15,000.
The total amount of Liabilities is:
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