how do I get the accounts payable under liability 
Homework Answers
Answer---------Accounts payable balance = $4,400
I am assuming that Common stock and retained earnings amounts are correct .
As per the accounting equation Total assets = Liabilities + Equity
In the above incomplete balance sheet we know the amount of total assets and total equity only the amount missing is for liabilities.
We use the above use equation to solve this question as follows
If Assets = Liabilities +Equity then
Liabilities = Assets - Equity
Liabilities = 25200-(11000+9800)
Liabilities = $4400
In above case the liability consist of only account payable so the balance in account payable will be $4,400
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how do I get the accounts payable under liability
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