Use the following information for questions.
Financial statements for Bernard Corp.are presented below:
-The balance in the Accounts Payable account at December 31, 2017 was
A)$148,000.
B)$108,000.
C)$44,000.
D)$32,000.

Question

Use the following information for questions.
Financial statements for Bernard Corp.are presented below: 
-The balance in the Accounts Payable account at December 31, 2017 was
A)$148,000. 
B)$108,000. 
C)$44,000. 
D)$32,000.

Quizplus · Accepted Answer

The balance in the Accounts Payable account can be found on the balance sheet as a current liability under the heading "Accounts Payable." The balance at December 31, 2017 is $108,000.

Use the Following Information for Questions