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BEST COMPANY BALANCE SHEET December 31, 20XX ASSETS CASH ACCOUNTS RECEIVABLE TOTAL ASSETS $50,000 $30,000 $80.000 62.5% 37.5% 100.0% LIABILITIES ACCOUNTS PAYABLE NOTES PAYABLE TOTAL

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BEST COMPANY BALANCE SHEET December 31, 20XX ASSETS CASH ACCOUNTS RECEIVABLE TOTAL ASSETS $50,000 $30,000 $80.000 62.5% 37.5% 100.0% LIABILITIES ACCOUNTS PAYABLE NOTES PAYABLE TOTAL LIABILITIES $2,000 2.5% 25.0% EQUITY TOTAL EQUITY $60,000 75.0% TOTAL LIABILITIES + EQUITY $80,000 100.0% Based on the information shown, what is the correct amount and percentage of accounts payable? O $20,000; 20% 0 $20,000; 25% O $18,000; 22.5% O $22,000; 25% SAVE AND CONTINUE

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