The Accounts Payable Account Has a Beginning Balance of $12,000

question 72

Multiple Choice

The Accounts Payable account has a beginning balance of $12,000 and the company purchased $50,000 of supplies on account during the month.The ending balance was $10,000.How much did the company pay to creditors during the month?

• A)$50,000.
• B)$52,000.
• C)$60,000.
• D)$62,000.

---

Definitions:

Online Retailer

A business that sells products or services to customers through the internet, without a physical storefront.

Amazon.com

A global online retail platform and technology company that offers a wide range of products and services, including e-commerce, cloud computing, and artificial intelligence.

Customer Data

consists of information about customers that companies collect, analyze, and use to understand preferences, behaviors, and demographics.

Businesses

Organizations engaged in commercial, industrial, or professional activities, aimed at generating profits through offering goods or services.