A company's balance sheet contained the following information: Common Stock Accounts Payable $13,200 Total Assets 65,200 Retained Earnings $188,000 29, 200 Notes Payable is the only other item on the balance sheet. Notes Payable must equal:

A company's balance sheet contained the following information: Common Stock Accounts Payable $13,200 Total Assets 65,200 Retained Earnings $188,000 29, 200 Notes Payable is the only other item on the balance sheet. Notes Payable must equal:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company's balance sheet contained the following information:
Common Stock
Accounts Payable
$13,200 Total Assets
65,200 Retained Earnings
$188,000
29, 200
Notes Payable is the only other item on the balance sheet. Notes Payable must equal:

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