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Artist 52 [7]
3 years ago
13

Below are some of the accounts that Company J has on their books:

Business
1 answer:
pogonyaev3 years ago
6 0

Answer:

b) $1,900

Explanation:

The computation of the total liabilities is shown below:

= Accounts Payable + Deferred revenue

= $700 + $1,200

= $1,900

The other items are related to the expenses which are shown in the income statement and current assets which are shown on the balance sheet

Therefore, only two items are shown in the total liabilities.

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