A company's trial balance included the following account balances:   Accounts Payable $ 19,347 Accounts Receivable 81,476 Cash 73,464 Income Tax Payable 3,652 Inventory 25,956 Notes Payable, due in two years 1,849 Equipment 55,528 Stockholders’ Equity 204,208 Supplies

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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A company's trial balance included the following account balances:
 

Accounts Payable $ 19,347
Accounts Receivable 81,476
Cash 73,464
Income Tax Payable 3,652
Inventory 25,956
Notes Payable, due in two years 1,849
Equipment 55,528
Stockholders’ Equity 204,208
Supplies 5,652
Wages Payable 13,020
 

What is the amount of Total Liabilities on the Balance Sheet?

 

Multiple Choice
  •  
    $119,344
  •  
    $37,868
  •  
    $242,076
  •  
    $63,824
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