At the beginning of April, Warren Corporation's assets totaled $257,000 and liabilities totaled $77,000. During...
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At the beginning of April, Warren Corporation's assets totaled $257,000 and liabilities totaled $77,000. During April the following summarized transactions occurred: Additional shares of stock were sold for $28,500 cash. A building costing $112,000 was purchased using $18,500 cash and by signing an $93,500 long-term note payable. Short-term investments costing $10,700 were purchased using cash $11,700 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan. How much are Warren's total liabilities at the end of April? Multiple Choice 0 $200,700 0 $158,800 $158,800 $170,500 $189,000
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