At the end of the current accounting period,account balances were as follows: Cash,$25,000; Accounts Receivable,$40,000; Common Stock,$18,000; Retained Earnings,$14,000.Liabilities for the period were:
A)$13,000.
B)$20,000.
C)$27,000.
D)$33,000.

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The Answer of At the end of the current accounting period,account balances were as follows: Cash,$25,000; Accounts Receivable,$40,000; Common Stock,$18,000; Retained Earnings,$14,000.Liabilities for the period were:
A)$13,000.
B)$20,000.
C)$27,000.
D)$33,000.

At the End of the Current Accounting Period,account Balances Were