Multiple Choice
During the month of March, Cooley Computer Services made purchases on account totaling $43,500. Also during the month of March, Cooley was paid $8,000 by a customer for services to be provided in the future and paid $36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was $77,300, what is the balance in accounts payable at the end of March?
A) $83,900.
B) $91,900.
C) $6,600.
D) $75,900.
E) $4,900.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: The balance sheet reports the financial position
Q157: The following trial balance is prepared from
Q158: An account balance is:<br>A) The total of
Q159: A column in journals and ledger accounts
Q160: Of the following accounts, the one that
Q161: David Roberts is a real estate appraiser.
Q163: The process of transferring general journal information
Q164: Describe the link between the income statement,
Q166: Indicate the financial statement on which each
Q167: Hal Smith opened Smith's Repairs on March