Homework Answers
Balance of accounts payable at the end of March :-
|
Balance at the beginning of March |
$ 79,100 |
| Add: Purchases made on account | $ 47,100 |
| Less: Cash paid on accounts payable | $ 38,700 |
| Balance at the end of March | $ 87,500 |
$ 13,400 received from customer for services to be provided in future will not affect the balance of accounts payable.
Hence the balance of accounts payable at the end of March will be $ 87,500
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