Golden Company Had a Balance of $40,000 in Accounts Payable

question 63

Multiple Choice

Golden Company had a balance of $40,000 in Accounts Payable at the beginning of June, and purchased $30,000 of merchandise on account during the month At the end of June, Golden's Account Payable balance was $28,000. What amount did Golden pay on account during June?

• A) $38,000
• B) $42,000
• C) $108,000
• D) The amount cannot be determined from the information given.

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Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Technical Understanding

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