Georgia Company's total liabilities on August 31, 2010, were $200,000. During September, the company incurred an additional $150,000 of liabilities. Georgia Co. paid $50,000 of outstanding liabilities in September. What were the company's total liabilities at September 30, 2010?

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The company's total liabilities at the end of September were calculated by adding the new liabilities incurred during September ($150,000) to the initial liabilities ($200,000), and then subtracting the amount paid off ($50,000). This results in $200,000 + $150,000 - $50,000 = $300,000.

Georgia Company's Total Liabilities on August 31, 2010, Were $200,000