During the month of June, River stone Consulting made purchases on account totalling $63,500. Also, during the month of June, River stone received $18,400 from a client for services to be delivered next quarter and paid $52,800 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of June was $94,200, what is the balance in the accounts payable at the end of June?

During the month of June, River stone Consulting made purchases on account totalling $63,500. Also, during the month of June, River stone received $18,400 from a client for services to be delivered next quarter and paid $52,800 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of June was $94,200, what is the balance in the accounts payable at the end of June?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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