Multiple Choice
Morgan Company had $340,500 of Accounts Payable on March 31, 2019. During March, the company made total purchases on account of $581,220, and paid a total of $631,380 cash on accounts payable.
Determine the balance of Accounts Payable on March 1, 2019.
A) $871,100
B) $391,200
C) $390,660
D) $ 20,340
Correct Answer:
Verified
Correct Answer:
Verified
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