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A companys balance sheet contained the following information

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Reference no: EM13965172

A company's balance sheet contained the following information:

 

  Common Stock

$

12,300   

 

Total Assets

$

179,000   

  Accounts Payable

$

64,300   

 

Retained Earnings

$

28,300   

 

Notes Payable is the only other item on the balance sheet. Notes Payable must equal:

a) $74,100
b) $9,800
c) $12,100
d) $76,000 

Reference no: EM13965172

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