During the Month of March, Cooley Computer Services Made Purchases

question 162

Multiple Choice

During the month of March, Cooley Computer Services made purchases on account totaling $43,500. Also during the month of March, Cooley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?

• A) $83,900.
• B) $91,900.
• C) $6,600.
• D) $75,900.
• E) $4,900.

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Definitions:

Explicit Knowledge

Information or knowledge that is easily articulated, codified, accessed, and verbalized, typically found in documents or databases.

Observation

The action or process of closely monitoring or noting something or someone in order to gain information.

Johari Window

A model used to understand and improve self-awareness, interpersonal relationships, and mutual understanding within groups.

Disclosure

The act of revealing personal information to others, which can influence social dynamics and trust building.