A company's balance sheet contained the following information: ...

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Accounting

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.

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