Baltimore Company's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,450, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,650, and Tools $300. Baltimore's total liabilities are:________ (All account balances are normal.)

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Answer:

The answer is $6100

Explanation:

total liabilities= Accounts Payable $4,450 + Bank Loan $1,650= $6100

Baltimore's total liabilities given the company's complete assets and liabilities are $6,100.

What is Baltimore's total liabilities?

Liabilties are future benefits that would have to be sacrficed in the future by an entity to other entities as a result of past transactions. Liabilties reduce the net worth of a company.

Liabilties = bank loan + accounts payable

$4450 + $1650 = $6,100

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