Maryk Electronics Inc. reported the following items on its December 31, 2011, trial balance:

The amount that should be recorded on Maryk's balance sheet as total liabilities is
A) $696,000.
B) $700,500.
C) $703,500.
D) $741,000.

Question

Maryk Electronics Inc. reported the following items on its December 31, 2011, trial balance:

The amount that should be recorded on Maryk's balance sheet as total liabilities is
A) $696,000. 
B) $700,500. 
C) $703,500. 
D) $741,000.

Quizplus · Accepted Answer

The Answer of Maryk Electronics Inc. reported the following items on its December 31, 2011, trial balance:

The amount that should be recorded on Maryk's balance sheet as total liabilities is
A) $696,000. 
B) $700,500. 
C) $703,500. 
D) $741,000.