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Assume the following account balances Accounts Payable Accounts Receivable Bank Loan Cash Equipment Land Unused Supplies $35.000 45,000 65,000 30,000 23,000 13,000 3,000 During the
Assume the following account balances Accounts Payable Accounts Receivable Bank Loan Cash Equipment Land Unused Supplies $35.000 45,000 65,000 30,000 23,000 13,000 3,000 During the month the company paid its suppliers $23,000 and purchased more supplies equal to $10,000 to be paid in 30 days. What is the balance owing to its suppliers? A) 578,000 credit B) S68.000 debit OC) $22,000 credit D) $22.000 debit
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