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The Menzies Company reported the following ending information after its first month of operations: Revenues $43,900 Supplies $400 Equipment 66,000 Cash 22,100 Depreciation expense 1,500
The Menzies Company reported the following ending information after its first month of operations:
Revenues $43,900
Supplies $400
Equipment 66,000
Cash 22,100
Depreciation expense 1,500
Payroll expense 18,800
Common stock 56,000
Notes payable 10,000
Rent expense 6,200
Accumulated Depreciation (1,500)
Accounts payable ????
What amount of accounts payable would the company report in its financial statements?
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