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On March 3, ABC purchased a desk for $340 on account On March 22, ABC purchased another desk for $460 also on account, and then

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On March 3, ABC purchased a desk for $340 on account On March 22, ABC purchased another desk for $460 also on account, and then on March 24. ABC pald $530 on account. At the end of March, what amount should ABC report for desks (assuming these two desks were the only desks they had)? Multiple Choice $800 $460 $120 O $340 The Accounts Payable account has a beginning balance of $10.800 and the company purchased $51.000 or Supplies on account during the month. The ending balance was $18.800. How much did the company pay to creditors during the month? Multiple Choice $51.000 O $61,800 0 $43.000 0 $89800 ABC opened for business on January 1, 2021, and paid for two Insurance policies effective that date. The liability policy was $39,600 for 18 months, and the crop damage policy was $14.400 for a two-year term. What was the balance in ABC's Prepaid insurance account as of December 31, 2021? Multiple Choice $7.200 $54,000 $20,400 $33,600

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