aw Following are transactions of a new company during January: Issued 10,200 shares of common stock for $20,400 cash Purchased land for $12,200 by signing a note payable for the full amount Purchased office equipment for $1,400 cash Received cash of $14,200 for services provided to customers during the month Purchased $200 of office supplies on account Paid employees $10,200 for work during the current period. What is the total amount of liabilities following these six transactions? Multiple Choice O $32,800 $12,400 $15,800 Sa $22,800

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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03
Mc
Graw
Hill
Following are transactions of a new company during January:
Issued 10,200 shares of common stock for $20,400 cash
Purchased land for $12,200 by signing a note payable for the full amount
Purchased office equipment for $1,400 cash
Received cash of $14,200 for services provided to customers during the month
Purchased $200 of office supplies on account
Paid employees $10,200 for work during the current period.
What is the total amount of liabilities following these six transactions?
Multiple Choice
O $32,800
O
O
$12,400
$15,800
$22,800
< Prev
Sa
12 of 25
!
Transcribed Image Text:03 Mc Graw Hill Following are transactions of a new company during January: Issued 10,200 shares of common stock for $20,400 cash Purchased land for $12,200 by signing a note payable for the full amount Purchased office equipment for $1,400 cash Received cash of $14,200 for services provided to customers during the month Purchased $200 of office supplies on account Paid employees $10,200 for work during the current period. What is the total amount of liabilities following these six transactions? Multiple Choice O $32,800 O O $12,400 $15,800 $22,800 < Prev Sa 12 of 25 !
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