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Required: Determine the missing amounts in each of the following four independent scenarios: a. X Company had a $4.700 beginning balance in accounts payable

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Required: Determine the missing amounts in each of the following four independent scenarios: a. X Company had a $4.700 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company incurred $67,600 of operating expenses on account and paid $68,900 cash to settle accounts payable. Based on this information alone. determine the amount of the ending balance in accounts payable. b. X Company had a $5,300 ending balance in accounts payable on December 31, Year 8. During Year 8, the company incurred $66,400 of operating expenses on account and paid $64,100 cash to settle accounts payable. Based on this information alone. determine the amount of the beginning balance in accounts payable. c. X Company had a $4.100 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company incurred $67,600 of operating expenses on account. The ending balance in accounts payable was $4,800. Based on this information alone. determine the amount of cash paid to settle accounts payable. d. X Company had a $7,700 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company paid $77.300 cash to settle accounts payable. The ending balance in accounts payable was $9,800. Based on this Information alone, determine the amount of expenses incurred on account. a. Ending balance b. Beginning balance c. Cash paid d. Expenses incurred

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