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.
Answer: D
