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Help 2 A companys balance sh $13,480 Total Assets 65,400 Retained Earnings Accounts Payable 29,400 10 Notes Payable is the only other item on the balance sheet Notes Payable must equal 2 $83,700 < Prey 2 of 10 E Next >
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Answer #1
Total assets = total liabilties + stockholders equity
total assets 190000
laibilties
accounts payale 65400
notes payable
total laibilties 65400
stock holders equity
common stock 13400
retained earnings 29400
total stock holders equity 42800
total liabilties & equity 108200
so notes paybable = 190000-108200= 81800
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