Step by step solution with clear hand writing estion 17 ot yet nswered Marked...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Step by step solution with clear hand writing
estion 17 ot yet nswered Marked out of 1.00 Flag question Nepton started the business on September Ist. 2015 with a capital contribution of $25,000 cash. It was credited to Nepton, Capital. - 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. - Received a utility bill for $2,500 to be paid in October. - 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? Select one: O $8,000 O $1,800 O $9,000 O $11,500 O $4,800
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
