Solution-What balance of accounts payable would be reported

What balance of accounts payable would be reported

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Reference no: EM132452155

Problem - The Frost Corporation completed the following transactions this month:

1 Purchased office supplies of $4,000

6 Purchased $3,000 of office equipment on account

12 Paid $800 on accounts payable

20 Completed $900 of consulting work for a customer that was previously paid for in advance

25 Completed consulting work for a customer; received $1,200

Required - If the balance of accounts payable was $2,600 at the beginning of the month, what balance of accounts payable would be reported in the company's financial statements this month?

Reference no: EM132452155

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What balance of accounts payable would be reported

Reference no: EM132452155

Reference no: EM132452155

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