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A firm's pro forma balance sheet for June 2022 shows the following: Total Assets, except...

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Accounting

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A firm's pro forma balance sheet for June 2022 shows the following: Total Assets, except for Cash and Marketable Securities, equal $1,000,000. Total Liabilities and Equity, except for Notes Payable, equal $1,100,000. Assume that the firm has a $50,000 Minimum Cash Balance policy. What should the balance in Notes Payable equal? O a. $150,000 O b.$50,000 O c. zero O d. $100,000

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