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Average accounts payable cycle. Use the following account information for Rian Company 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 $38,000 $55,000
Average accounts payable cycle. Use the following account information for Rian Company 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 $38,000 $55,000 $27,000 12/31/13 $46,000 $59,000 Change $8,000 $4,000 Accounts receivable Accounts payable 25,000 $2,000 2014 Selected Income Statement Items for Rian Company Cash sales Credit sales Total sales Cost of ooods sold $570.000 What would the ending balance in the accounts payable account for 2014 have needed to be to reach this target (holding all other accounts he same)? $298,000 $672,000 $970,000 (Round to the nearest dollar)
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