Question

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? $83,900. $91,900. $6,600. $75,900. $4,900.

Answer 1

Answer:

91. B. $1,275

Revenue = 900 + 375 = $1,275