Volta Electronics Inc reported the following items on its December 31 . 2014, trial balance: Accounts Payable ........................................ $108,900 Advances to Employees ................................... 4,500 Unearned Rent Revenue ................................... 28,800 Estimated Liability Under Warranties .................... 25,800 Cash Surrender Value of Officers' Life
Insurance ........ 7,500 Bonds Payable ........................................... 555,000 Discount on Bonds Payable ............................... 22,500 Trademarks .............................................. 3,900 The amount that should be recorded on Volta's balance sheet as total liabilities is
a. $696,000.
b. $700,500.
c. $703,500.
d. $741,000.
A
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