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Pure Water's complete assets and liabilities are Accounts Receivable ($800), Equipment ($10,000), Accounts Payable ($4,200), Prepaid Rent ($2,000), Supplies ($400), Bank Loan ($1,600), and Tools

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Pure Water's complete assets and liabilities are Accounts Receivable ($800), Equipment ($10,000), Accounts Payable ($4,200), Prepaid Rent ($2,000), Supplies ($400), Bank Loan ($1,600), and Tools ($300). Pure Water's total liabilities are: A) $11,600 B) $4,200 $5,800 D $7,800 E None of these

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