a-company-has-a-beginning-balance-in-accounts-payable-of-4000-it-makes-purchases

Question

A company has a beginning balance in accounts payable of $$4,000. It makes purchases of 6$$,000 and pays $3,000 to suppliers. What is the ending balance in accounts payable?

Accepted Answer

$7,000

Answer

$10,000

Answer

$5,000

Answer

$4,000

A company has a beginning balance in accounts payable of \$4,000. It makes purchases of \$6,000 and pays \$3,000 to suppliers. What is the ending balance in accounts payable?