Chapter 11, Problem 14DQ

To determine

Concept Introduction

Accounts Payable: Accounts Payable is a company’s current liability to make the payment to its supplier or vendor for the goods or services purchased by it on credit.

Current Liabilities: Current Liabilities are the debts or economic obligations that a company owes to its creditors and that have to be settled within one year or within its operating cycle, whichever period is longer.

To State: The amount of Apple’s accounts payable as of September 26, 2015 by referring to Apple’s balance sheet in Appendix A.