Stepping Out has inventory purchases of $2,200 during the month of June. If June 1 accounts payable were $1,700 and June 30 accounts payable were $1,900, what was the cash payment?
A)$3,900
B)$2,000
C)$1,900
D)$1,700

Question

Quizplus · Accepted Answer

The cash payment for inventory can be calculated by adding the beginning accounts payable to the purchases and then subtracting the ending accounts payable: $1,700 + $2,200 - $1,900 = $2,000.

Stepping Out Has Inventory Purchases of $2,200 During the Month