A company entered into the following transactions: - Borrowed $5,110 from the bank by signing a promissory note - Issued stock to owners for $11,100 - Purchased $1,110 of supplies, on account - Paid $510 to suppliers as payment on account for the supplies purchased 1. What is the amount of total assets? $16,810, $17,320, $16,210, or $5,710 2. What is the amount of total liabilities? 

$17,320,

 $5,710, 

$6,220, 

$16,810

Answer rating: 100% (QA)

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