Nancy's Nails and Spa is preparing its budgeted financial statements for 2022. Total assets on the budgeted balance sheet are $939,450. Ending current liabilities are $82,645. Ending retained earnings is $619,118. Nancy's paid no dividends. Common Stock on December 31, 2022 is $50,000.

Compute total liabilities on December 31, 2022.

Answer rating: 100% (QA)

To compute total liabilities on December 31 2022 you can use the accounting equ... View the full answer