Business, 21.11.2019 06:31 kleathers97

Mc qu. 3-170 during january 2018, the first during january 2018, the first month of operations, a consulting firm had following transactions: issued common stock to owners in exchange for $22,000 cash. purchased $5,500 of equipment, paying $1,650 cash and signing a promissory note for $3,850. received $9,900 in cash for consulting services performed in january. purchased $1,650 of supplies on account; all of the supplies were used in january. provided consulting services on account in the amount of $17,600. paid $825 on account. paid $3,300 to employees for work performed during january. received a bill for utilities for january of $3,750; the bill remains unpaid. what is the amount to be reported as total liabilities on the balance sheet at the end of january?

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