Question Unit 4 Tutorials If you need help BEST COMPANY BALANCE SHEET December 31, 20XX ASSETS CASH $50,000 ACCOUNTS RECEIVABLE $30,000 TOTAL ASSETS $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