how much is total liabilities?
accounts recievable 20,000
accounts payable 30,000
taxes and licenses 40,000
uncollectible account 10,000
rent payable 8,000
utilities payable 5,000
To calculate the total liabilities, you need to add up all the individual amounts of liabilities. In this case, the liabilities are accounts payable, taxes and licenses, uncollectible accounts, rent payable, and utilities payable.
Adding up all the amounts:
Accounts payable: 30,000
Taxes and licenses: 40,000
Uncollectible accounts: 10,000
Rent payable: 8,000
Utilities payable: 5,000
Total liabilities = 30,000 + 40,000 + 10,000 + 8,000 + 5,000 = 93,000
Therefore, the total liabilities amount is 93,000.