Finnish Motors has the following balance sheet accounts:
Land $ 150,000
Equipment 90,000
Salaries Payable 12,000
Notes Payable 99,000
Supplies 10,000
Cash 25,000
Common Stock 40,000
Retained Earnings 100,000
Accounts Payable ?
Prepaid Rent ?
If the company has total assets of $290,000, what is the balance of the company's Accounts Payable account?
A) $15,000.
B) $25,000.
C) $12,000.
D) $39,000.
Answer: D
