Calculate amount paid
Beginning balance of account payable | 10500 |
Credit purchase | 46000 |
Less: Ending balance of account payable | -18600 |
Cash paid to supplier | 37900 |
So answer is c) $37900
The Accounts Payable account has a beginning balance of $10.500 and the company purchased $46,000 of...
The accounts payable account has a beginning balance of $10,800 and the company purchased $50,000 of supplies on account during the month. The ending balance was $19,900. How much did the company pay to creditors during the month? Multiple Choice Ο $69,900 Ο $60,800 Ο $50,000 Ο $40,900
Accounts Payable had a balance of $18,360 at the beginning of the month. During the month, three debits in the amounts of $4,540, $11140, and $14,640 were posted to Accounts Payable, and three credits in the amounts of $3,760, $9,660, and $12,860 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice o o o o
A company has an accounts receivable balance at the beginning of the month of $1,200. Budgeted sales for the month are $21,000 and the budgeted ending balance in accounts receivable is $2,100. How much does the company expect to collect from customers during the month?
The beginning balance in supplies inventory is $25,000. During the year, $13,500 of supplies were purchased on credit. The ending balance in the supplies inventory account is $23,750. What was the supply expense for the year, wages payable had a beginning balance of $35,000, wage expense for the period was $$48,000. The ending balance in the wages payable account was $36,300. How much cash was paid for wages during the period?
only final answers plz 15. The Accounts Receivable account has a beginning balance of $10,000 and the company provides services $50,000 on account during the month. If the company received cash payments from customers totaling $12,000 from customers during the month, what is the ending balance in the Accounts Receivable account? A. $50,000 B. $52,000 C. $48,000. D. $62,000. 16. When cash payments are made to stockholders, what is the effect on the company's accounts? A. Cash decreases and dividends...
c. W Co. had a $3,000 beginning balance in accounts payable on January 1, Year 8. During Year 8. the company incurred $73,000 of operating expenses on account. The ending balance in accounts payable was $8,500. Based on this information alone, determine the amount of cash paid to settle accounts payable. W Co. Accounts Payable Summary Beginning accounts payable balance Plus: Minus: Ending accounts payable balance d. W Co. had a $6,750 beginning balance in accounts payable on January 1...
The beginning balance of Fairground, Co.’s Accounts Receivable on 3/1/2019 was $7,090. During March, the company had the following transactions: Issued 5,000 shares of common stock at par value for $20,000 cash. Purchased equipment for $2,500, paying cash. Provided services to customers worth $11,670 on account. Purchased additional supplies worth $1,750 on account. Received cash of $13,090 from customers for services provided during the month. Paid creditors $3,480 for supplies previously purchased on account. Paid employees $5,600 in cash for...
The beginning balance of Fairground, Co.’s Accounts Receivable on 3/1/2019 was $7,090. During March, the company had the following transactions: Issued 5,000 shares of common stock at par value for $20,000 cash. Purchased equipment for $2,500, paying cash. Provided services to customers worth $11,670 on account. Purchased additional supplies worth $1,750 on account. Received cash of $13,090 from customers for services provided during the month. Paid creditors $3,480 for supplies previously purchased on account. Paid employees $5,600 in cash for...
The balance in the Wages Payable account was $25,000 at the beginning of the month. Wages accrued during the month totaled $54.000 Wages! paid during the month were $63,000. Multiple Choice The balance of the Wages Payable account at the end of the month was $16,000. The balance of the Wages Payable account at the end of the month was $34.000 O Wages expense for the month totaled $63,000. C) Wages expense for the month totaled $79,000.
Castile Inc. had a beginning balance of $2,300 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,000. During the period, Castile recognized $37,000 of revenue on account. Castile's Salaries Payable account has a beginning balance of $1,800 and an ending balance of $1,200. During the period, the company recognized $33,800 of accrued salary expense. Required a. Based on the information provided, determine the amount of net income. b. Based on the Information provided, determine the amount...