Question

A business has the following transactions: The business is started by receiving $25,000 from the owner. The business purchased $700 of office supplies on account and $2,500 of furniture on account. The business rendered services to various clients totaling $10,000 on account. It paid $5,000 as salaries expense and $6,000 as rent expense. It paid $1,000 to a supplier for the office supplies purchased earlier. It collected $3,000 from one of its clients for services rendered earlier in the month. At the end of the month, all journal entries are posted to the ledger. The Accounts Payable account will appear as:

Answer 1

The Accounts Payable account will appear as: 2200

Step-by-step explanation:

Account payable OFFICE SUPLLIES 700

Account payable FURNITURE 2500

Payment -1000

Accoun payable 2200