2019 2020 2019 2020 'ash $1,300 $1,100 Accounts payable $2,100 $2,900 .ccounts receivable $4,100 $4,400 Utilities payable $200 $450 iventory $7,500 $8,800 Salaries payable $800 $1,800 repaid insurance $1,200 $1,500 Notes payable $18,000 $15,000 quipment $16,000 $16,000 Interest payable $2,300 $2,600 .ccum. depreciation ($2,400) ($3,600) Common stock $6,000 $6,000 and $4,500 $9,200 Retained earnings $2,800 $8,650 $32,200 $37,400 $32,200 $37,400 iven the above information, how much was cost of goods sold during 2020 if $44,000 was paid to uppliers? $43,500 O $44,800 O $41,900 $43,000 O None of the above

2019 2020 2019 2020 'ash $1,300 $1,100 Accounts payable $2,100 $2,900 .ccounts receivable $4,100 $4,400 Utilities payable $200 $450 iventory $7,500 $8,800 Salaries payable $800 $1,800 repaid insurance $1,200 $1,500 Notes payable $18,000 $15,000 quipment $16,000 $16,000 Interest payable $2,300 $2,600 .ccum. depreciation ($2,400) ($3,600) Common stock $6,000 $6,000 and $4,500 $9,200 Retained earnings $2,800 $8,650 $32,200 $37,400 $32,200 $37,400 iven the above information, how much was cost of goods sold during 2020 if $44,000 was paid to uppliers? $43,500 O $44,800 O $41,900 $43,000 O None of the above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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