On May 31, Don Company Had an Accounts Payable Balance

question 71

Multiple Choice

On May 31, Don Company had an Accounts Payable balance of $57,000. During the month of June, total credits to Accounts Payable were $34,000, which resulted frompurchases on credit. The June 30 Accounts Payable balance was $32,000. What was the amount of payments made during June?

• A)$34,000.
• B)$59,000.
• C)$57,000.
• D)$32,000.
• E)$84,000.

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Strategies or courses of action decided and implemented by a government to achieve specific goals within a society.

Shareholder Democracy

A form of corporate governance that emphasizes the rights of shareholders to influence decisions and policies within a company.

Limited Liability

A legal structure for businesses that protects its owners from being personally liable for the company's debts or liabilities.

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An international organization that regulates international trade and ensures that trade flows as smoothly, predictably, and freely as possible.