Based on these items, what is the total of the (a) liquid assets and (b) current liabilities? Checking account balance Retirement account balance Credit card balance Rare jewelry $ 960 Savings account balance 59,000 217 650 Answer is complete but not entirely correct. Liquid assets $ 14,635 X Current liabilities $ 637 Current student loan payment due Investment account balance Mortgage $ 3,675 420 10,000 188,000

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.