using the balance sheet, calculate xyz companys liabilities. xyz company - balance sheet assets liabilities…

using the balance sheet, calculate xyz companys liabilities. xyz company - balance sheet assets liabilities cash $35,000 notes $45,000 inventory $41,000 wages $56,000 property $124,000 owners equity stock $50,000 investment $49,000 liabilities = $?

using the balance sheet, calculate xyz companys liabilities. xyz company - balance sheet assets liabilities cash $35,000 notes $45,000 inventory $41,000 wages $56,000 property $124,000 owners equity stock $50,000 investment $49,000 liabilities = $?

Answer

Explanation:

Step1: Identify liability items

Liabilities are Notes and Wages.

Step2: Sum up liability amounts

$45000 + 56000$

Answer:

$101000$