Hogans Consulting adjusted trial Balance December 31, 2011

Accounts	Debit	Credit
Cash	12,000
Accounts Receivable	8,300
Prepaid Rent	5,000
Machinery	72,000
Accounts Payable		800
Notes Payable		53,500
Lisa Hogan Capital		50,000
Lisa Hogan Withdrawals	2,000
Consulting Fee Earned		46,000
Wages Expense	37,000
Rent Expense	14,000
Totals	150,300	150,300

What is the current asset amount?

Question 2 options:

	none of them
	97300
	25300
	150,300

Question 3 (7 points)

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Hogans Consulting adjusted trial Balance December 31, 2011

Accounts	Debit	Credit
Cash	12,000
Accounts Receivable	8,300
Prepaid Rent	5,000
Machinery	72,000
Accounts Payable		800
Notes Payable		53,500
Lisa Hogan Capital		50,000
Lisa Hogan Withdrawals	2,000
Consulting Fee Earned		46,000
Wages Expense	37,000
Rent Expense	14,000
Totals	150,300	150,300

What is the total liabilities?

Question 3 options:

	53500
	97300
	800
	54300