Question

The accounts payable account has a beginning balance of $10,500 and the company purchased $47,000 of supplies on account during the month. the ending balance was $18,300. how much did the company pay to creditors during the month?

Answer 1

Beginning balance 10500
Add supplies purchase 47000
Less ending balance 18300

The company pay to creditors
10,500+47,000−18,300=39,200..answer

Hope it helps!

Answer 2

The company pay to creditors

10,500+47,000−18,300=39,200.

What is the balance in the accounts payable account?

Accounts payable (AP) are amounts due to vendors or suppliers for goods or services received that have not yet been paid for. The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet.

What is the beginning balance of accounts receivable?

Beginning Balance for Accounts Receivable (AR)

Typically your AR beginning balance should include. Amounts owed by families. Amounts owed by agencies (DHS, DFACS, etc.) Any other entries that affect AR (such as journal entries).

Learn more about the payable accounts at

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