Problem -  Sharon Foods, Inc. reported the following transactions for September 2017.

a) The business received $23,000 cash and issued common stock. It was credited to Common Stock.

b) The business purchased office equipment for $11,500 for which $3,500 cash was paid and the balance was put on a note payable.

c) Paid insurance expense of $1,800 cash.

d) Paid the September utility bill for $800 cash.

e) Paid $1.600 cash for September rent.

f) The business had sales of $11,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales.

g) The business paid $9,000 cash for office furniture.

What are the total liabilities at the end of September 2017?

A. $11,500

B. $8,000

C. $1,800

D. $11,000