Forsythe Company Had a $30,000 Increase in Accounts Payable from the Prior

question 93

Multiple Choice

Forsythe Company had a $30,000 increase in accounts payable from the prior period.If a worksheet is used to facilitate the preparation of the statement of cash flows, the entry in the reconciling columns of the worksheet would be

• A)Operating- Increase in Accounts Payable (debit column), Accounts Payable (credit column).
• B)Accounts Payable (debit column), Cash (credit column).
• C)Accounts Payable (debit column) Operating- Increase in Accounts Payable (credit column).
• D)Cash (debit column), Accounts Payable (credit column).

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