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

Watson Foods, Inc. reported the following transactions for September 2019.

a)

The business received

$ 21 comma 000

cash and issued common stock. It was credited to Common Stock.

b)

The business purchased office equipment for

$ 11 comma 500

for which

$ 4 comma 000

cash was paid and the balance was put on a note payable.

c)

Paid insurance expense of

$ 1 comma 200

cash.

d)

Paid the September utility bill for

$ 800

cash.

e)

Paid

$ 1 comma 900

cash for September rent.

f)

The business had sales of

$ 11 comma 000

in September. Of these sales,

40

%

were cash sales, and the balance was credit sales.

g)

The business paid

$ 9 comma 000

cash for office furniture.

What are the total liabilities at the end of September, 2019?

A.

$ 11 comma 500

B.

$ 1 comma 200

C.

$ 7 comma 500

D.

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