The ledger of Company X at the end of the year shows the balances of: Cash- 70,460 Accounts receivable- 50,900 Delivery van- 191,280 Notes Payable- 86,320 Salaries Payable- 4,120 Prepaid insurance- 8,890 Gas and Oil expense- 3,750 Insurance expense- 2,550 Repairs expense- 3,680 Salaries expense- 22,745 Service Revenue- 41,330 X, beginning Capital- 178,370

What would be the year balance of Accounts Payable? (Show solutions)