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How can I find the Notes Payable amount? I originally thought it was 3,000 but that is incorrect. The net income and assets that I
How can I find the Notes Payable amount? I originally thought it was 3,000 but that is incorrect. The net income and assets that I found are correct just not sure how to solve for notes payable.
10, Soo 169.900 BS Is Gry ffn Company Revenue Notes Payable Cash Comman Stock Maintenance Expense IS BS BS BS IS 7 1,650 10,000 750 Equipment Cost of Goods sold 12,600 2,400 8 so ISO Payroll expense Invertory Dividents BS Income Stateret Reverve 162.900 Payroll 2,400 Cods 12,600 Maintenance Expense 750 12600tly IS000 egoo - Sooo = 1900 - 750 = 1150 + terse net ind Bs. Cash 16 SO Invertory 850 Equipment lo, soo Assets 13000 Total liabilities Notes Payable Common stock 19000Step by Step Solution
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