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Use the Trial Balance (Links to an external site.) for Spartan Inc. to answer the following: What are Spartan Inc's total liabilities? Spartan Inc. Trial
Use the Trial Balance (Links to an external site.) for Spartan Inc. to answer the following:
What are Spartan Inc's total liabilities?
Spartan Inc. Trial Balance | |||
Account # | Account Name | DR | CR |
101 | Cash | $ 144,000.00 | |
111 | Accounts Receivable | $ 120,000.00 | |
121 | Inventory | $ 56,000.00 | |
131 | Equipment | $ 72,000.00 | |
201 | Accounts Payable | $ 91,500.00 | |
301 | Stock | $ 250,000.00 | |
315 | Dividends | $ 19,500.00 | |
401 | Revenue | $ 300,000.00 | |
501 | Expenses | $ 230,000.00 | |
$ 641,500.00 | $ 641,500.00 |
Group of answer choices
641,500
50,500
0
91,500
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