At the end of the first month of operations for SloMo Delivery Service, the business...
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Accounting
At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $1,140; Prepaid Insurance, $440; Equipment, $35,600 and Cash, $40,350. On the same date, SloMo owed the following creditors: Simpson Supply Company, $11,400; Allen Office Equipment, $9,200.
The total amount of Liabilities is:
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