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Mamba Manufacturing and Equipment Inc. has provided the following information which occurred during July: Accounts Payable balance at June 30 $ 29,000 Purchases on account
Mamba Manufacturing and Equipment Inc. has provided the following information which occurred during July: Accounts Payable balance at June 30 $ 29,000 Purchases on account during July 150,000 Cash payments for materials purchased in June 82,000 Cash payments for materials purchased in July 76,000 The accounts payable account is used only for direct materials. How much will Mamba report as accounts payable on the balance sheet at the end of July? A. $103,000 B. $8000 C. $15,000 OD. $21,000
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