using the balance sheet, calculate xyz companys liabilities.\nxyz company - balance sheet\n|assets|liabilitie…

using the balance sheet, calculate xyz companys liabilities.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$15,000|notes|$25,000|\n|inventory|$41,000|wages|$56,000|\n|property|$114,000|\n| |owners equity|\n| |stock|$50,000|\n| |investment|$39,000|\nliabilities = $?

using the balance sheet, calculate xyz companys liabilities.\nxyz company - balance sheet\n|assets|liabilities|\n|--|--|--|\n|cash|$15,000|notes|$25,000|\n|inventory|$41,000|wages|$56,000|\n|property|$114,000|\n| |owners equity|\n| |stock|$50,000|\n| |investment|$39,000|\nliabilities = $?

Answer

Explanation:

Step1: Identify liability amounts

$25000 + 56000$

Step2: Calculate total liabilities

$81000$

Answer:

$81000$