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Pure Water's complete assets and liabilities are Accounts Receivable ($3,000), Equipment ($7,500), Accounts Payable ($4,000), Prepaid Rent ($3,000), Supplies ($500), Bank Loan ($1,600), and taxes payable ($1,000). Pure Water's total liabilities are:

Respuesta :

Answer:

$6,600

Explanation:

Given that,

Accounts Receivable = $3,000

Equipment = $7,500

Accounts Payable = $4,000

Prepaid Rent = $3,000

Supplies = $500

Bank Loan = $1,600

Taxes payable = $1,000

Therefore,

Total liabilities includes:

= Accounts Payable + Bank Loan + Taxes payable

= $4,000 + $1,600 + $1,000

= $6,600

Hence, the total liabilities of Pure Water is $6,600.

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