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The Strait Company ended January 2021 with $229,950 in assets, $93,900 in liabilities and $136,050 in stockholders equity. During February, the company had the following
The Strait Company ended January 2021 with $229,950 in assets, $93,900 in liabilities and $136,050 in stockholders equity. During February, the company had the following transactions:
A. | Sold $18,200 of services to customers. |
B. | Purchased $200 of supplies. |
C. | Purchased $500 of equipment on account. |
D. | Paid suppliers $250 for amounts previously owed. |
E. | Borrowed $1,200 from a bank. |
F. | Paid $8,400 for employee payroll. |
What are the company's total liabilities at the end of February?
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