Accounts Payable Had a Balance of $9,100 at the Beginning

question 132

Multiple Choice

Accounts Payable had a balance of $9,100 at the beginning of the month.During the month,three debits in the amounts of $2,350,$5,650,and $7,400 were posted to Accounts Payable,and three credits in the amounts of $1,800,$4,750,and $6,350 were posted to Accounts Payable.What is the ending balance of the Accounts Payable account?

• A)$6,600
• B)$2,500
• C)$11,600
• D)$24,500

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Definitions:

Partial Deliveries

In commercial transactions, the act of delivering a portion of goods distinct from the total quantity stipulated in a contract, often subject to agreement by the involved parties.

Late Delivery

The act of failing to deliver goods or complete a service by the agreed-upon or expected time.

Cancel the Contract

The act of formally terminating a contractual agreement, either through mutual consent of the parties involved or due to the breach of contract terms by one party.

Duty to Pay

An obligation imposed on an individual or entity to make a payment to another as required by law or contract.