Target pricing starts with the full product cost, and it then adds the desired profit to arrive at the sales price

Following is a list of account balances of Surburban Lawn Services as of December 31 of the first year of operation

Accounts Receivable $4,000 Accounts Payable 6,000 Salaries Expense 7,000 Repairs Expense 600 Truck 10,000 Equipment 9,000 Notes Payable 8,300 Cash 7,200 Supplies Expense 1,500 Service Revenue 31,000 Gasoline Expense 3,100 Salaries Payable 300 What is the amount of total liabilities at the end of the year? A) $14,600 B) $26,800 C) $23,700 D) $14,300

Instruments that are payable upon an uncertain act or event are not negotiable

Indicate whether the statement is true or false