Accounts Payable had a balance of $18,200 at the beginning of the month. During the month, three debits in the amounts of $4,700, $11,300, and $14,800 were posted to Accounts Payable, and three credits in the amounts of $3,600, $9,500, and $12,700 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Accounts Payable had a balance of $18,200 at the beginning of the month. During the month, three debits in the amounts of $4,700, $11,300, and $14,800 were posted to Accounts Payable, and three credits in the amounts of $3,600, $9,500, and $12,700 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account?

 

Multiple Choice
  •  
    $49,000.
  •  
    $13,200.
  •  
    $5,000.
  •  
    $23,200.
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