EA$24,$ LO $3\mathrm{.}5$ Post the following November transactions to T$-$accounts for Accounts Payable and Inventory, indicating the ending balance $($assume no beginning balances in these accounts$).$

A$.$ purchased merchandise inventory on account, $$22,000$

B$.$ paid vendors for part of inventory purchased earlier in month, $$14,000$

C$.$ purchased merchandise inventory for cash, $56,500$

Solution

Accounts Payable

Inventor

Bal

Bal.

What is the accounts payable balance?