Crisp Waters has the following assets and liabilities: Accounts Receivable ($750), Equipment ($9,600), Accounts Payable ($3,700), Prepaid Insurance ($1,800), Supplies ($450), Bank Loan ($1,500), and Tools ($250). Crisp Waters' total liabilities are___.

College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter1: Asset, Liability, Owner’s Equity, Revenue, And Expense Accounts
Section: Chapter Questions
Problem 1E
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Crisp Waters has the following assets and liabilities: Accounts Receivable ($750), Equipment ($9,600), Accounts Payable ($3,700), Prepaid Insurance ($1,800), Supplies ($450), Bank Loan ($1,500), and Tools ($250). Crisp Waters' total liabilities are___.

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