Question

Calculate the Accounts Payable Balace

Score: 0.25 of 1 pt S2-4 (similar to) Calculate the Accounts Payable balance. (Enter the balance, along with a 'Bal reference on the Accounts Payable May 2 7,000 16,000 May 1 May 22 13,500 500 May 5 7,500 May 15 250 May 23 Choose from any list or enter any number in the input fields and then click Check Answer

Answer 1

Solution:

May-02	7,000	16,000	May-01
May-22	13,500	500	May-05
		7,500	May-15
		250	May-23
		3,750	Balance

Working:

May-02	7,000	16,000	May-01
May-22	13,500	500	May-05
		7,500	May-15
		250	May-23
	20,500	24,250

Balance = 24,250 - 20,500 = 3,750