Question
Owens company started year 2 with $10,000 in accounts payable. on march 1, owens incurred expenses of $6,000 on account. if the ending balance of
Owens company started year 2 with $10,000 in accounts payable. on march 1, owens incurred expenses of $6,000 on account. if the ending balance of accounts payable was $4,000. how much of the accounts payable did owens pay off during the year?
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
