Country Furniture Company manufactures furniture at its Akron, Ohio, factory. Some of its costs from the past year include:Depreciation on sales office $ 9 comma 6009,600Depreciation on factory equipment16 comma 80016,800Factory supervisor salary50 comma 70050,700Sales commissions23 comma 00023,000Lubricants used in factory equipment3 comma 9003,900Insurance costs for factory21 comma 10021,100Wages paid to factory maintenance workers115,300Fabric used to upholster furniture10,500Freightminus-in (on raw materials) 3,800Costs of delivery to customers9,200Wages paid to assemblyminus-line workers115,700Lumber used to build product82,500Utilities in factory54,800Utilities in sales office26,000Prime costs for Country Furniture Company totaled
MC Qu. 3-170 During January 2018, the first month ... 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?
