Accounts Payable account of FDNACCT Services had a beginning balance of P204,000. During the month, a journal entry representing payment of an account with supplier amounting to P42,000 was made. Moreover, there was an acquisition of equipment on credit amounting to P90,000. How much is the ending balance of Accounts Payable account?

Accounts Payable account of FDNACCT Services had a beginning balance of P204,000. During the month, a journal entry representing payment of an account with supplier amounting to P42,000 was made. Moreover, there was an acquisition of equipment on credit amounting to P90,000. How much is the ending balance of Accounts Payable account?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....

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