Accouting question At the start of the period, the accounts payable balance was P75,000 and the unused supplies has a balanceof P5,000. Total purchases on account amounted to P180,000 during the period including the suppliespurchase of P15,000. At the end of the year, the unused supplies balance is P4,500 and the accountspayable balance is P45,000.55 The payment of accounts payable during the period isa 75,000C. 210,000b 180,000d 215,000

Accounts payable refers to the ledger that shows the amount of purchase made on credit and payment…

At the start of the period, the accounts payable balance was P75,000 and the unused supplies has a balance of P5,000. Total purchases on account amounted to P180,000 during the period including the supplies purchase of PI5,000. At the end of the year, the unused supplies balance is P4,500 and the accounts payable balance is P45,000. The payment of accounts payable during the period is 75,000 b 180,000 a. c. 210,000 d 215,000

At the start of the period, the accounts payable balance was P75,000 and the unused supplies has a balance of P5,000. Total purchases on account amounted to P180,000 during the period including the supplies purchase of PI5,000. At the end of the year, the unused supplies balance is P4,500 and the accounts payable balance is P45,000. The payment of accounts payable during the period is 75,000 b 180,000 a. c. 210,000 d 215,000

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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