Opening balance of accounts payable =$39800
Add: credit purchases made during the month =$33000
Less: payment made during the month =$48100
Closing balance of accounts payable as on 31st October 2020 = 39800+33000-48100 = 24700 (Ans)
At October 1, 2020, Oriole Co. had an accounts payable balance of $39800. During the month,...
Current Attempt in Progress At October 1, 2018, Waterway Industries had an accounts payable balance of $40200. During the month, the company made purchases on account of $33700 and made payments on account of $48100. At October 31, 2018, the accounts payable balance is $54600 $25800. $41600 $122000 Save for Later MY GO-TO NIIN
At October 1, 2022. Coronado Industries had an Accounts Payable balance of $131600. During the month, the company made purchases on account of $94000 and made payments on account of $150400. At October 31, 2022, the Accounts Payable balance is $131600 debit O $75200 credit O $18800 credit O $150400 credit
at october 1, 2016 , medina co. had an accounts payable balance of $50,000. during the month, the company made purchase on account of $35,000 and made patments on accounts of $48,000. at october 3, 2016, the accounts payable balance is
a. Corentine Co. had $171,000 of accounts payable on September 30 and $142,000 on October 31. Total purchases on account during October were $300,000. Determine how much cash was paid on accounts payable during October. b. On September 30, Valerian Co. had a $112,000 balance in Accounts Receivable. During October, the company collected $112,390 from its credit customers. The October 31 balance in Accounts Receivable was $108,000. Determine the amount of sales on account that occurred in October. c. During...
Question 7 View Policies Current Attempt in Progress At October 1, 2017 Metlock, Inc. had an Accounts Payable balance of $126000. During the month, the company made purchases on account of $90000 and made payments on account of $144000. At October 31, 2017, the Accounts Payable balance is $144000 credit $18000 credit $126000 debit $72000 credit
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
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...
Maldanada Company has a balance in its Accounts Payable control account of $10,500 on January 1, 2020. The subsidiary ledger contains three accounts: Smith Company, balance $3,000; White Company, balance $2,500 and Marino Company. During January, the following payable-related transactions occurred. Smith Company White Company Marino Company Purchases $8,500 5,250 6,100 Payments $6,000 2,500 6,250 Returns $ -0- 1,500 What was the January 1 Balance in the Marino Co. Subsidiary account? What is the January 31 Balance in the control...
On January 1, 2022, the ledger of Oriole Company contained these liability accounts. Accounts Payable Sales Taxes Payable Unearned Service Revenue $44,100 8,200 20,600 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, 518,000 note. 5 Sold merchandise for cash totaling $5,936, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,700. (Credit Service Revenue.) 14 Paid state treasurer's department for sales...
Cullumber Company has a balance in its Accounts Payable control account of $8,690 on January 1, 2020. The subsidiary ledger contains three accounts: Hale Company, balance $2,870; Janish Company, balance $1,840; and Valdez Company. During January, the following payable-related transactions occurred. Hale Company Janish Company Valdez Company Purchases $7,230 5,280 6,745 Payments $5,670 1,840 6,160 Returns $0 2.870 0 (a) Your answer is incorrect. What is the January 1 balance in the Valdez Company subsidiary account? Balance in the Valdez...