Homework Help is Here – Start Your Trial Now!
Business
Accounting
Accounts Payable had a balance of $18,380 at the beginning of the month. During the month, three debits in the amounts of $4,520, $11,120, and $14,620 were posted to Accounts Payable, and three credits in the amounts of $3,780, $9,680, and $12,880 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice O O O $14,460. $22,300. $3,920. $48,640.

Accounts Payable had a balance of $18,380 at the beginning of the month. During the month, three debits in the amounts of $4,520, $11,120, and $14,620 were posted to Accounts Payable, and three credits in the amounts of $3,780, $9,680, and $12,880 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice O O O $14,460. $22,300. $3,920. $48,640.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Vaibhav

Subject: acounting 

Accounts Payable had a balance of $18,380 at the beginning of the month. During the month, three debits in the amounts of $4,520, $11,120, and $14,620 were posted to Accounts Payable, and three credits in the amounts of $3,780, $9,680, and $12,880 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice O $14,460. $22,300. $3,920. $48,640
Transcribed Image Text:Accounts Payable had a balance of $18,380 at the beginning of the month. During the month, three debits in the amounts of $4,520, $11,120, and $14,620 were posted to Accounts Payable, and three credits in the amounts of $3,780, $9,680, and $12,880 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? Multiple Choice O $14,460. $22,300. $3,920. $48,640
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS