If beginning Accounts Payable is $10,000 and the purchases on account are $100,000 and payments made on account were $80,000 during the period,then the ending Accounts Payable balance is:
A)$30,000 credit
B)$20,000 credit
C)$20,000 debit
D)$30,000 debit

Question

Quizplus · Accepted Answer

Ending Accounts Payable (normal credit balance)= Beginning Accounts Payable (normal credit balance)+ Purchases on account (credited)− Payments on account (debited).

If Beginning Accounts Payable Is $10,000 and the Purchases on Account