If the Cash balance at December 31, 2011 is $67,500, the Notes Payable balance is:

Question

Quizplus · Accepted Answer

There is no direct relationship between the cash balance and notes payable balance. However, to find the notes payable balance, we need additional information such as the beginning balance, any borrowing or repayment during the year, and interest expense. Without this information, we cannot determine the notes payable balance with certainty.

If the Cash Balance at December 31, 2011 Is $67,500