At the End of the First Month of Operations for SloMo

question 73

Multiple Choice

At the end of the first month of operations for SloMo Delivery Service, the business had the following accounts: Accounts Receivable, $11,350; Prepaid Insurance, $400; Equipment, $26,200 and Cash, $21,650. On the same date, SloMo owed the following creditors: Simpson Supply Company, $17,000; Allen Office Equipment, $14,500.
The total amount of Liabilities is:

• A)$17,000.
• B)$14,500.
• C)$28,100.
• D)$31,500.

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Definitions:

Ventricular Filling

The phase of the cardiac cycle when the heart's ventricles fill with blood coming from the atria.

Diastole

The moment in the heartbeat cycle when the heart's muscle eases and the chambers are enabled to draw in blood.

AV Valves

The atrioventricular valves, which are located between the atria and ventricles of the heart and regulate blood flow.

Systolic Pressure

The maximum arterial pressure during contraction of the heart's left ventricle.