Consider the Following Transactions: I

Multiple Choice

Consider the following transactions: I. Borrowed cash on a note payable, $80,000
II. Provided services on account, $10,000
III. Received cash from a customer as payment on account, $8,000
IV. Received a utility bill, $1,200 Total liabilities would be:

A) $98,000.
B) $1,200.
C) $81,200.
D) $80,000.