Watson Foods, Inc

Multiple Choice

Watson Foods, Inc. reported the following transactions for September 2019.
A. The business received $22,000 cash and issued common stock. It was credited to Common Stock.
B. The business purchased office equipment for $9,000 for which $3,500 cash was paid and the balance was put on a note payable.
C.Paid insurance expense of $1,800 cash.
D. Paid the September utility bill for $900 cash.
E. Paid $2,000 cash for September rent.
F. The business had sales of $10,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales.
G. The business paid $7,000 cash for office furniture.
What are the total liabilities at the end of September, 2019?

A) $10,000
B) $1,800
C) $5,500
D) $9,000