If Accounts Payable Had a Balance of $18,200 at the Beginning

question 105

Multiple Choice

If Accounts Payable had a balance of $18,200 at the beginning of the month,and the six amounts shown below were posted to this account,what should be the ending balance? Three debits posted to Accounts Payable this month: $4,700,$11,300,and $14,800.Three credits posted to Accounts Payable this month: $3,600,$9,500,and $12,700.

• A)$13,200.
• B)$5,000.
• C)$23,200.
• D)$49,000.

---

Definitions:

Antitrust Enforcement

The regulation and actions taken by the government to prevent monopolies and promote competition in the marketplace.

Vertical Relationships

Interactions and agreements between businesses at different stages of the production process, like suppliers and retailers.

Horizontal Contracts

Agreements between firms or entities at the same level of the market structure, often aimed at cooperation or co-marketing strategies.

Discounted Future Profits

The present value of projected future earnings from an investment, discounted back at a specified rate.