Multiple Choice
The controller for Tires and More,Inc.has recorded the following transactions during the month: the purchase of supplies on credit,$4,200;receipt of a bill for utilities for the month which is due on the 15th of the next month,$1,200;and,partial payment on the balance due for supplies,$800.What is the balance in the Accounts Payable account at the end of the month assuming a beginning balance of $0,and is the balance a debit or a credit?
A) $4,600 debit.
B) $4,600 credit.
C) $3,400 credit.
D) $5,400 credit.
Correct Answer:

Verified
Correct Answer:
Verified
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