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Total liabilities Sharon Foods Inc, reported the following transactions for September, 2015. The business received $25,000 cash and issued common stock. It was credited to

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Sharon Foods Inc, reported the following transactions for September, 2015. The business received $25,000 cash and issued common stock. It was credited to Common Stock. The business purchased office equipment for $11, 500 for which $2, 500 cash was paid and the balance was put on a note payable. Paid insurance expense of $1, 800 cash. Paid a utility bill for $900 cash. Paid $2,000 cash for September rent. The business had sales of $12,000 in September, Of these sales, 60% were cash sales, and the balance was credit sales. The business paid $8,000 cash for office furniture. What are the total liabilities at the end of September, 2015? $1, 800 $11, 500 $8,000 $9,000

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