Question

At the end of a recent​ year, Ready Maid Cleaning​ Service, a​ full-service house and office cleaning​ service, had total assets of $ 5,810 and equity of $ 2,880.

How much were Ready Maid Cleaning​ Service's liabilities?

Answer 1

Ready Maid Cleaning​ Service's liabilities were $2930.

Explanation:

At the end of a recent​ year, Ready Maid Cleaning​ Service, a​ full-service house and office cleaning​ service, had total assets of $ 5,810 and equity of $ 2,880.

Liabilities = assets - equity

So, Liabilities =
`5810-2880=2930` dollars

Hence, Ready Maid Cleaning​ Service's liabilities were $2930.