Given:

Assets and Liabilities of a Local Government
Bank balance #6,484,000
Cash # 900,000
General revenue balances #9,774,500
Accrued salaries #1,220,000
Investment in shares #1,480,000
Vehicles #7,620,000

Calculate the liabilities of the local government

• A.#10,994,500
• B.#17,394,500
• C.#18,774,500
• D.#18,874,500
• E.