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,$14,000.Liabilities for the period were:
A)$73,000.
B)$55,000.
C)$59,000.
D)$41,000.

Question

Quizplus · Accepted Answer

Cash $29,000 + Accounts Receivable $44,000 - Common Stock $18,000 - Retained Earnings $14,000 = $41,000

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