Question

Accounts Payable had a balance of $18,200 at the beginning of the month. During the month, three debits in the amounts of $4,700, $21,300, and $14,800 were posted to Accounts Payable, and three credits in the amounts of $3,600, $9,500, and $22,700 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account

Answer 1

$13,200

Step-by-step explanation:

Computation of ending account payable is computed as;

= Opening balance account payable + Credits (Accounts payable) - Debits(accounts payable)

= $18,200 + ($3,600 + $9,500 + $22,700) - ($4,700 + $21,300 + $14,800)

= $18,200 + $35,800 - $40,800

= $13,200