Question: LIABILITIES Accounts payable $12,000 Notes payable 50,000 Total current liabilities Long-term debt Total Liabilities $190,000 EQUITY Common stock ($1 par; 100,000 shares) _ Paidin capital

LIABILITIES Accounts payable $12,000 Notes payable 50,000 Total current liabilities Long-term debt Total Liabilities $190,000 EQUITY Common stock ($1 par; 100,000 shares) _ Paidin capital Retained earnings 150,000 Total stockholders' equity Total Liabilities and Equity

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