User Account

All Pages

Paid on accounts payable during 20x2

Assignment Help Accounting Basics
Reference no: EM13309494

Cost of supplies used during 20X2 $923,000
Accounts payable, December 31, 20X1 $206,000
Accounts payable, December 31, 20X2 $263,000
Inventory, December 31, 20X1 $210,000
Inventory, December 31, 20X2 $121,000

Required: What was the total amount paid on accounts payable during 20X2? Assume that all supplies were purchased on account.
Please show your work below.

Reference no: EM13309494

Questions Cloud

The use of spreadsheets in accounting information systems : Find an article on the use of spreadsheets in Accounting Information Systems.
What is the average charge density on the positive plate : A parallel plate capacitor has plates each of area 100 cm^2, what is the average charge density on the positive plate?
Criminal imprisonment for price fixing : Write a paragraph on 3 business/law issues like legislation, anti-trust issues and contract issues. Show that you have a basic understanding of the facts of the case.
Compute the molar solubility of fe(oh)2 in a buffer solution : Calculate the molar solubility of Fe(OH)2 in a buffer solution where the pH has been fixed at the indicated values. Ksp = 7.9 x 10-16. When pH is 7.8
Paid on accounts payable during 20x2 : What was the total amount paid on accounts payable during 20X2? Assume that all supplies were purchased on account
Determine the percent sulfate in the unkown sample : In an experiment to determine the formula of a salt M2( SO4)3 x XH2O a sample of 2.239g of the sample was reacted with BaCl2. After filtration and drying the sample of BaSO4 weight 3.329g
Shepherd cycles sells a variety of bicycles : Shepherd Cycles sells a variety of bicycles. The business which uses the FIFO method, began the last quarter of 2013 (October 1 to December 31) with 20 "Iron Man 2" bicycles at a total cost of $122,000. During the quarter, the company complete..
Explain what is the composition of the purge stream : What is the composition of the purge stream. What is the flow rate of gas leaving the separator. What is the flow rate of gas in the recycle line.
Ending work-in-process inventory : Ending work-in-process inventory.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd