A Business Has the Following Transactions: * the Business Received

question 163

Short Answer

A business has the following transactions: * The business received $16,000 cash and issued common stock to stockholders.
* The business purchases $600 of office supplies on account.
* The business purchases $3,000 of furniture on account.
* The business renders services to various clients totaling $10,000 on account.
* The business pays out $1,500 for salaries expense and $3,500 for rent expense.
* The business pays $800 to supplier for the office supplies purchased earlier.
* The business collects $4,000 from one of its clients for services rendered earlier in the month.
At the end of the month, all journal entries are posted to the ledger. Accounts Payable will appear as which of the following?

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Definitions:

Adaptive Behaviour

The range of skills and abilities that people need to function and meet the demands of their everyday lives.

Phonological Processing

The use of the sound system of a language to process written and spoken language, critical in reading and language development.

Learning Disorders

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math, as well as higher level skills like organization and time planning.