Multiple Choice
Yellow Company had a balance of $30,000 in Accounts Payable at the beginning of June,and purchased $100,000 of merchandise on account during the month.At the end of June,Yellow's Account Payable balance was $28,000.What amount did Yellow pay on account during June?
A) $62,000
B) $72,000
C) $100,000
D) $102,000
Correct Answer:

Verified
Correct Answer:
Verified
Q13: Company A received cash and issued stock
Q42: The normal balance of an account:<br>A)falls on
Q65: The process of copying the information from
Q153: In transaction analysis,the declaration and payment of
Q160: A company recorded a cash receipt on
Q161: A company received cash in exchange for
Q163: The normal balance of an expense account
Q164: A company recorded a cash payment incorrectly.They
Q166: Prepaid expenses are an asset.
Q167: On May 1,a company provided legal services