At the end of the current accounting period, account balances were as follows: Cash, $29,000; Accounts Receivable, $44,000; Common Stock, $18,000; Retained Earnings, $12,000. Liabilities for the period were:
A)$73,000.
B)$55,000.
C)$61,000.
D)$43,000.

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The Answer of At the end of the current accounting period, account balances were as follows: Cash, $29,000; Accounts Receivable, $44,000; Common Stock, $18,000; Retained Earnings, $12,000. Liabilities for the period were:
A)$73,000.
B)$55,000.
C)$61,000.
D)$43,000.

At the End of the Current Accounting Period, Account Balances