watson​ foods, inc. reported the following transactions during​ september: ​a) the business received cash and issued common stock. it was credited to common stock. ​b) the business purchased office equipment for for which cash was paid and the balance was put on a note payable. ​c) paid insurance expense of cash. ​d) paid the september utility bill for cash. ​e) paid cash for september rent. ​f) the business had sales of in september. of these​ sales, ​% were cash​ sales, and the balance was credit sales. ​g) the business paid cash for office furniture. assuming the total liabilities balance is zero at the beginning of​ september, what is the total liabilities balance at the end of​ september?

Respuesta :

$6,000 is the correct answer

The total liabilities are calculated as follows:

Total liabilities = bought office equipment - cash paid = $10,000 - $4,000 = $6,000

What is an illustration of liability insurance?

Any bodily injury to a third person, such as a customer or client, that occurs at your business is considered bodily injury. For example, if a consumer enters your flower shop, slips on your wet floor, and breaks their leg, your general liability insurance may pay for their medical fees.

The necessity for public liability insurance is established by whether or not you interact with the general public. However, many insurance companies will take your turnover into account when calculating your insurance price.

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