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the following table contains financial information for tumpeter inc. before closing entries: cash12000 supplies 4500 prepaid rent 2000 salaries expenses 4500 equipment 65000 service revenue
the following table contains financial information for tumpeter inc. before closing entries: cash12000 supplies 4500 prepaid rent 2000 salaries expenses 4500 equipment 65000 service revenue 30000 miscellaneous expenses 20000 divides 3000 accounts payable 5000 common stock 68000 retained earnings 8000 what is the amount of trumpeter's total liabilities?
a) $68500 b) $83500 c) $5000 d) $78500
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