A Business Has the Following Transactions: • the Business Received

question 47

Multiple Choice

A business has the following transactions: • The business received $20,000 cash and issued common stock to stockholders.
• The business purchases $500 of office supplies on account.
• The business purchases $4,000 of furniture on account.
• The business renders services to various clients totaling $11,000 on account.
• The business pays out $3,000 for salaries expense and $5,000 for rent expense.
• The business pays $600 to supplier for the office supplies purchased earlier.
• The business collects $1,000 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?