What are the company's Liabilities here? O $447,600 O $96,000 O $306.000 O $264,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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9
ABC Builders reported the following accounting data on January 1, 2020, with regards to their upcoming
projects, during the same year:
$17,000 in monthly payroll
$1.800 in monthly trailer rent at jobsite
$500 in monthly utilities hooked up
$18,000 in monthly loan payments
$68,000 in monthly payments for construction services
What are the company's Liabilities here?
O $447,600
O $96,000
O $306.000
O $264,600
Transcribed Image Text:ABC Builders reported the following accounting data on January 1, 2020, with regards to their upcoming projects, during the same year: $17,000 in monthly payroll $1.800 in monthly trailer rent at jobsite $500 in monthly utilities hooked up $18,000 in monthly loan payments $68,000 in monthly payments for construction services What are the company's Liabilities here? O $447,600 O $96,000 O $306.000 O $264,600
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