The Frost Corporation completed the following transactions this month: 1 Purchased office supplies of $4,000 6 Purchased
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Question:
The Frost Corporation completed the following transactions this month:
1
Purchased office supplies of $4,000
6
Purchased $3,000 of office equipment on account
12
Paid $800 on accounts payable
20
Completed $900 of consulting work for a customer that was previously paid for in advance
25
Completed consulting work for a customer; received $1,200
If the balance of accounts payable was $2,600 at the beginning of the month, what balance of accounts payable would be reported in the company's financial statements this month?
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