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Find what is the total of the liabilities of the company

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Reference no: EM132810044

The closing balance of Jubilee Traders Inc.'s trial balance is as follows:

Items Amount($)

Inventory 19,000

Bonds Payable 14,500

Patents 220,000

Land 80,000

Loan Payable26,500

Cash7,000

Equipment150,000

Goodwill105,000

Notes Payable10,000

Wages Payable14,000

Common Stock85,000

Accounts Receivable13,500

problem 1: What is the total of the liabilities of the company?

A. $25,500

B. $36,500

C. $38,500

D. $65,000

E. $28,500

Reference no: EM132810044

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