Calculate the total liabilities for the company: Cash: $ 10,350 Equipment: $25,000 Accounts payable: $17,897 Bank...

Calculate the total liabilities for the company:

Cash: $ 10,350	Equipment: $25,000
Accounts payable: $17,897	Bank Loan: $ 15,500	Inventory: $ 15,345
Notes payable: 12,340	Account Receivable: $ 13,290
Accrued Expenses; $12,567	Notes receivable: $ 9,786
Prepaid Insurance: $ 14,048	Unearned revenue: $11,954

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Expert Solution

Total liabilties = Bank loan + Accounts payable + Notes payable + Unearned revenue + Accrued expenses

Total liabilities = $15,500 + $17,897 + $12,340 + $11,954 + $12,567

Total liabilties = $70,258

jeff jeffy answered 2 years ago

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