A company's balance sheet contained the following information: Common Stock $13,700 Total Assets 193,000 Accounts 65,700 Retained 2$ 29,700 Payable Earnings Notes Payable is the only other item on the balance sheet. Notes Payable must equal: Multiple Choice $20,500. $83,900.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company's balance sheet contained the following information:
Common Stock $13,700
Total Assets
193,000
2$
Accounts
65,700
Retained
29,700
2$
Payable
Earnings
Notes Payable is the only other item on the balance sheet. Notes Payable must equal:
Multiple Choice
$20,500.
$83,900.
Transcribed Image Text:A company's balance sheet contained the following information: Common Stock $13,700 Total Assets 193,000 2$ Accounts 65,700 Retained 29,700 2$ Payable Earnings Notes Payable is the only other item on the balance sheet. Notes Payable must equal: Multiple Choice $20,500. $83,900.
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