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The Goodman Corporation completed the following transactions for the month: 1 Owners begin company by investing $50,000 4 Purchased $5,000 of office equipment 6 Purchased
The Goodman Corporation completed the following transactions for the month: 1 Owners begin company by investing $50,000 4 Purchased $5,000 of office equipment 6 Purchased $20,000 of inventory on account 9 Sold $17,000 of the inventory to customers for $25,000 15 Paid for 25% of the inventory purchased on the 6th 20 Purchased another 10,000 of inventory on account 24 Sold $5,000 of the inventory to customers on account for $12,000 Based on the transactions above, what is the company's accounts payable balance at the end of the month
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