FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Accounts Payable account has a beginning balance of $11,800 and the company purchased $56,000 of supplies on account during the month. The ending balance

image text in transcribed
The Accounts Payable account has a beginning balance of $11,800 and the company purchased $56,000 of supplies on account during the month. The ending balance was $19,900, How much did the company pay to creditors during the month? Multiple Choice O $67,800 $75.900 $56 000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

CIA Exam Practice Questions Certified Internal Auditor

CIA Exam Practice Questions Certified Internal Auditor

Authors: The Internal Audit Foundation

1st Edition

163454045X, 978-1634540452

More Books

Students also viewed these Accounting questions

Question

★★★★★
Write down the financial analysis report of Joe traders

Answered: 1 week ago

Question

★★★★★
An 80 kg student wishes to walk on snow without sinking and decides to make a pair of snow shoes. The student determined experimentally that the maximum pressure the snow can withstand is 0.6 kPa....

Answered: 1 week ago

Question

★★★★★
13.33 Tuna Fish The tuna fish data from Exercise 11.16 were analyzed as a completely randomized design with four treatments. However, we could also view the experimental design as a 2 2 factorial...

Answered: 1 week ago

Question

★★★★★
A firm must decide which of three alternatives to adopt to expand its capacity. The firm wishes a minimum annual profit of 20% of the initial cost of each separable increment of investment.. Any...

Answered: 1 week ago

Question

★★★★★
Blunt County needs $980,000 from property tax to meet its budget. The total value of assessed property in Blunt is $124,000,000 What is the tax rate of Blunt? (Round your intermediate calculations to...

Answered: 1 week ago

Question

★★★★★
QUESTION: On 1 January 2 0 2 2 , Kue Bhd acquired 6 , 0 2 0 , 0 0 0 of the 8 , 6 0 0 , 0 0 0 ordinary shares in Jaffa Bhd by transferring RM 1 4 , 6 0 5 , 0 0 0 cash. On 1 January 2 0 2 3 , Kue...

Answered: 1 week ago

Question

★★★★★
III. Prove by induction the following problems:4. 52n+1 . 2n+2 + 3n+2 . 22n+1 is divisible by 19 for any positive integer n

Answered: 1 week ago

Question

★★★★★
QS 17-17 Profit margin L04 Calculate the profit margin for 2017 and evaluate the result against the industry average in Exhibit 17.11, explaining why it compares favourably or unfavourably (round to...

Answered: 1 week ago

Question

★★★★★
The following are partial balance shoels for Bank of Canada and 14 LVTS Participants BANK OF CANADA 14 LVTS Participants/Primary Dealers Consolidated Balance Sheet Assets(SB) Liabilities (3)...

Answered: 1 week ago

Question

★★★★★
3. A 0.9 ft diameter steel stud is mounted upright to the seabed at a water depth of 32 ft. If the pipe is hit by 4.5 ft high waves, exhibiting a wavelength of 26 ft, calculate the: (i) Max. fluid...

Answered: 1 week ago

Question

★★★★★
P24-4A Clarke Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2017, are as shown below. Prepare responsibility report...

Answered: 1 week ago

Question

★★★★★
Prepare for a successful job interview.

Answered: 1 week ago

Question

★★★★★
Describe barriers to effective listening.

Answered: 1 week ago

Question

★★★★★
List the guidelines for effective listening.

Answered: 1 week ago

Previous Question Next Question