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The statement below shows a condensed, but incomplete version of a company's balance sheet. Assuming cash is zero, how do I find notes payable? Assets
The statement below shows a condensed, but incomplete version of a company's balance sheet. Assuming cash is zero, how do I find notes payable?
Assets
Current Assets
- Cash $0
- Accounts Receivable $1,500,000
- Other current assets $550,000
Total Current Assets: $2,050,000
Fixed Assets: $6,075,000
- Goodwill $300,000
Total Assets $8,425,000
Liabilities
Current Liabilities
- Notes Payable jQuery22406513820477121679_1530111690001?
- Other current liabilities $150,000
Total Current Liabilities ???
Long Term Debt $2,015,000
Shareholder's Equity $3,600,000
Total Liabilities and Shareholder's Equity ???
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