What are the total liabilities of this financial accounting question? Clear Stream Enterprises has the following complete assets andliabilities:-Accounts Receivable: $1,200-Equipment: $12,000-Accounts Payable: $5,500-Prepaid Rent: $3,000-Supplies: $600-Bank Loan: $2,500-Tools: $800What are Clear Stream Enterprises' total liabilities?

Step 1: Definition of LiabilitiesLiabilities are obligations or debts that a company owes to…

Answered: Clear Stream Enterprises has the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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please give me answer
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Clear Stream Enterprises has the following complete assets and liabilities: -Accounts Receivable: $1,200 -Equipment: $12,000 -Accounts Payable: $5,500 -Prepaid Rent: $3,000 -Supplies: $600 -Bank Loan: $2,500 -Tools: $800 What are Clear Stream Enterprises' total liabilities?