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Question 7 (3 points) Catherine's Cookies has a beginning balance in the Accounts Payable control total account of $8,700. In the cash disbursements journal,
Question 7 (3 points) Catherine's Cookies has a beginning balance in the Accounts Payable control total account of $8,700. In the cash disbursements journal, the Accounts Payable column has total debits of $8,300 for November. The Accounts Payable credit column in the purchases journal reveals a total of $11,200 for the current month. Based on this information, what is the ending balance in the Accounts Payable account in the general ledger? Your Answer: Answer Question 8 (3 points) Ace Company began the year with $2,600 of supplies on hand. During the year, Ace purchased an additional $4,450 of supplies. At the end of the year, a physical count of the ending supplies inventory revealed that $1,850 of supplies remained on hand. Based on this information, how much supplies were used during the year? Your Answer: Answer
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