Answer the following questions using the information below:
Bear Company has the following information:
Purchases are paid for in the following manner:

-What is the expected Accounts Payable balance as of May 31?
A)$11,792
B)$24,912
C)$36,704
D)$2,948

Question

Answer the following questions using the information below:
Bear Company has the following information:
  Purchases are paid for in the following manner:
 
-What is the expected Accounts Payable balance as of May 31?
A)$11,792 
B)$24,912 
C)$36,704 
D)$2,948

Quizplus · Accepted Answer

We cannot determine the expected Accounts Payable balance as the given information only provides purchase details but not the payment dates and amounts. However, if we add up the numbers in the purchases string (11+8+5+4+0+6+9+2+0+2+9+6+3+1+3+11+6+5+3+1+7+8+2+6+3), we get a total of 104. This total does not correspond to any of the answer choices, so we cannot use it to confirm our answer. Therefore, the best choice is C as it is provided as an option but it cannot be confirmed or verified with the given information.

Answer the Following Questions Using the Information Below