Watson foods, inc. reported the following transactions for september 2019.
a) the business received $21,000 cash and issued common stock. it was credited to common stock
b) the business purchased office equipment for $10,000 for which $4,000 cash was paid and the balance was put on a note payable.
c) paid insurance expense of $1,500 cash.
d) paid the september utility bill for $900 cash.
e) paid $1,800 cash for september rent. the business had sales of $11,000 in september. of these sales, 60% were cash sales, and the balance was credit sales.
f) the business paid $6,000 cash for office furniture.
what are the total liabilities at the end of september, 2019 ?
(a) $1,500
(b) $11,000
(c)$10,000
(d) $6,000