Question
Bonita Manufacturing Company has furnished the following information which occurred during May: Accounts Payable balance at April 30 $ 28200 Purchases on account during May
Bonita Manufacturing Company has furnished the following information which occurred during May:
| Accounts Payable balance at April 30 | $ 28200 |
| Purchases on account during May | 149600 |
| Cash payments for materials purchased in April | 81000 |
| Cash payments for materials purchased in May | 76500 |
The accounts payable account is used only for direct materials. How much will Bonita report as accounts payable on the balance sheet at the end of May?
$20300
$101300
$7900
$15800
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Accounting Systems
Authors: Ronald W. Hilton, David E. Platt
10th Edition
1308172486, 978-1308172484
