Bravo Company purchased goods on account for $4,500, paid $2,300 of Accounts Payable, and had an ending Accounts Payable balance of $16,890. How much was beginning Accounts Payable?

Question

Business

Allyson Buck

12 August, 17:15

Bravo Company purchased goods on account for $4,500, paid $2,300 of Accounts Payable, and had an ending Accounts Payable balance of $16,890. How much was beginning Accounts Payable?

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Answers (1)

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Carley Harrell · Answer 1

Beginning Balance Accounts Payable = $ 14,690

Explanation:

Ending Balance = $ 16,890

Less Purchases = $ 4500

Add payments = $ 2,300

Beginning Balance Accounts Payable = $ 14,690