Use an accounting equation spreadsheet and the following information to determine the amount paid to suppliers during

Question:

Use an accounting equation spreadsheet and the following information to determine the amount paid to suppliers during June 2017:
a. On June 1, 2017, the balance in the account was $150,000.
b. During June 2017, there were credit purchases from suppliers of $760,000.
c. The balance in the account on June 30, 2017 was $180,000.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...