Yellow Company had a balance of $30,000 in Accounts Payable at the beginning of June,and purchased $100,000 of merchandise on account during the month.At the end of June,Yellow's Account Payable balance was $28,000.What amount did Yellow pay on account during June?
A)$62,000
B)$72,000
C)$100,000
D)$102,000

Question

Quizplus · Accepted Answer

Yellow Company started with $30,000 in Accounts Payable, added $100,000 in purchases, totaling $130,000. With an ending balance of $28,000, they must have paid $102,000 ($130,000 - $28,000) during June.

Yellow Company Had a Balance of $30,000 in Accounts Payable