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Step by step solution with clear hand writing estion 17 ot yet nswered Marked...

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Accounting

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Step by step solution with clear hand writing

estion 17 ot yet nswered Marked out of 1.00 Flag question Nepton started the business on September Ist. 2015 with a capital contribution of $25,000 cash. It was credited to Nepton, Capital. - The business purchased office equipment for $11,500 for which $2,500 cash was paid and the balance was put on a note payable. - Paid insurance expense of $1,800 cash. - Received a utility bill for $2,500 to be paid in October. - Paid $2,000 cash for September rent. The business had sales of $12,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. - The business paid $8,000 cash for office furniture. What are the total liabilities at the end of September 2015? Select one: O $8,000 O $1,800 O $9,000 O $11,500 O $4,800

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