Question
Sneezy Inc. purchased $50,000 worth of inventory on Account during the month of April. Their Accounts Payable balance at April 30 was $35,000. During the
Sneezy Inc. purchased $50,000 worth of inventory on Account during the month of April. Their Accounts Payable balance at April 30 was $35,000. During the month of April, Sneezy paid $60,000 cash to their suppliers? What was Sneezy's Accounts Payable balance as of March 31?
Group of answer choices
25,000
75,000
145,000
45,000
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
