Supply on account during the month, Accounting Basics

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Supply on account during the month

The Accounts Payable account has a beginning balance of $12,000 and the company purchased $50,000 of supplies on account during the month. The ending balance was $10,000. How much did the company pay to creditors during the month?

a. $50,000.

b. $52,000.

c. $60,000.

d. $62,000.

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Accounting Basics: Supply on account during the month

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Accounting Basics: Supply on account during the month

Reference No:- TGS071596

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Supply on account during the month

Reference No:- TGS071596

Recent Questions Asked Accounting Basics

Q : Arguments on stakeholder versus shareholder debate

Q : Arguments on stakeholder versus shareholder debate

Q : What is effective-interest method

Q : The physical abilities and skills of a nine year

Q : Supply on account during the month

Q : Global engineering and procurement process

Q : Methods for determining advertising dollars

Q : Definition of socialization

Q : Compare the mighty image with the persuaders

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