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Watson Foods, Inc. reported the following transactions for September 2019. a) The business received $21,000 cash and issued common stock. It was credited to Common

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Watson Foods, Inc. reported the following transactions for September 2019. a) The business received $21,000 cash and issued common stock. It was credited to Common Stock b) The business purchased office equipment for $10,000 for which $4,000 cash was paid and the balance was put on a note payable. c) Paid insurance expense of $1,500 cash. d) Paid the September utility bill for $900 cash. e) Paid $1,800 cash for September rent. The business had sales of $11,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. 9) The business paid $6,000 cash for office furniture. What are the total liabilities at the end of September, 2019 OA. $1,500 O B. $11,000 C. $10,000 O D. $6,000

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