If Accounts Payable had a balance of $18,200 at the beginning of the month,and the six amounts shown below were posted to this account,what should be the ending balance? Three debits posted to Accounts Payable this month: $4,700,$11,300,and $14,800.Three credits posted to Accounts Payable this month: $3,600,$9,500,and $12,700.
A)$13,200.
B)$5,000.
C)$23,200.
D)$49,000.

Question

Quizplus · Accepted Answer

The beginning balance is $18,200. The total debits are $4,700 + $11,300 + $14,800 = $30,800. The total credits are $3,600 + $9,500 + $12,700 = $25,800. The ending balance is $18,200 + $30,800 - $25,800 = $13,200.

If Accounts Payable Had a Balance of $18,200 at the Beginning