What is the missing amount for Notes Payable?

Name: What is the missing amount for Notes Payable?
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

By adding all the amounts of Notes Payable given in the options, we get:
$1,623,900 + $756,100 + $766,500 + $436,200 = $3,582,700
Now, by subtracting the total Notes Payable from the sum of all liabilities, we can find the missing amount:
$13,821,900 - $3,582,700 = $10,239,200
Therefore, the missing amount for Notes Payable is $437,800, which is option B.

What Is the Missing Amount for Notes Payable