Lithuanian Motors Has the Following Balance Sheet Accounts: Land $170,000

question 143

Multiple Choice

Lithuanian Motors has the following balance sheet accounts: Land $170,000
Equipment 66,000
Salaries Payable ?
Notes Payable 88,000
Supplies 14,000
Cash 26,000
Common Stock 100,000
Retained Earnings 40,000
Accounts Payable ?
Prepaid Rent 12,000
If the company has total assets of $288,000,what is the balance of the company's Salaries Payable account?

• A)$15,000.
• B)$25,000.
• C)$12,000.
• D)Cannot be determined given the information provided.

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