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Compute the amount of accounts payable

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Question - From the following transactions for Bella Company, find the required balances for the month ended November 2020. The chart of accounts includes: 2 - Blella invested Php290,000 cash and Php150,000 worth of office equipment 2 - Paid rent for three months in advance, Php30,000. 4 - Purchased office equipment on account, Php50,000. 6 - Bought office supplies for cash, Php4,000. 8 - Collected Php95,000 for services rendered. 14 - Provided Php65,000 worth of services to clients who will not pay until next month. 16 - Paid salaries, Php30,000. 18 - Advertising bill for Php7,000 was received but will not be paid until next month. Compute the amount of ACCOUNTS PAYABLE based on foregoing transactions.

a. 60,000

b. 50,000

c. 67,000

d. 57,000

Reference no: EM132745972

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