Yellow Company had a balance of $33,000 in Accounts Payable at the beginning of June, and purchased $101,000 of merchandise on account during the month. At the end of June, Yellow's Account Payable balance was $29,000. What amount did Yellow pay on account during June?
A)$39,000
B)$72,000
C)$101,000
D)$105,000

Question

Quizplus · Accepted Answer

Yellow Company started with $33,000, added $101,000 in purchases, totaling $134,000. With an ending balance of $29,000, they must have paid $105,000 ($134,000 - $29,000) during June.

Yellow Company Had a Balance of $33,000 in Accounts Payable