Question

During the month of March, Harley's Computer Services made purchases on account totaling $43,500. Also during the month of March, Harley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?

a. $6,600
b. $75,900
c. $83,900
d. $91,900

Answer 1

c. $83,900

Step-by-step explanation:

The computation of the balance in accounts payable at the end of March is given below;

Opening Balance $77,300

Add: Purchases made $43,500

Less: Cash Paid $(36,900)

Closing Balance $83,900

hence, the balance in accounts payable at the end of March is $83,900

Therefore the option c is correct