The Lawrence Company records its trade accounts payable net of any cash discounts.At the end of 2010, Lawrence had a balance of $300, 000 in its trade accounts payable account before any adjustments related to the following items: At what amount should Lawrence report trade accounts payable on its December 31, 2010 balance sheet?
A)$349, 000
B)$349, 250
C)$356, 680
D)$356, 930

Question

The Lawrence Company records its trade accounts payable net of any cash discounts.At the end of 2010, Lawrence had a balance of $300, 000 in its trade accounts payable account before any adjustments related to the following items:  At what amount should Lawrence report trade accounts payable on its December 31, 2010 balance sheet?
A)$349, 000 
B)$349, 250 
C)$356, 680 
D)$356, 930

Quizplus · Accepted Answer

The Answer of The Lawrence Company records its trade accounts payable net of any cash discounts.At the end of 2010, Lawrence had a balance of $300, 000 in its trade accounts payable account before any adjustments related to the following items:  At what amount should Lawrence report trade accounts payable on its December 31, 2010 balance sheet?
A)$349, 000 
B)$349, 250 
C)$356, 680 
D)$356, 930

The Lawrence Company Records Its Trade Accounts Payable Net of Any