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Deerborne Company Is Preparing Their Budget for the 2nd Quarter

Question 103

Multiple Choice

Deerborne Company is preparing their budget for the 2nd quarter and provides the following data: Deerborne Company is preparing their budget for the 2<sup>nd</sup> quarter and provides the following data:   Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, what should the budgeted balance sheet show as the balance of Accounts payable at June 30? A) $12,000 B) $3,600 C) $7,200 D) $5,400 Assume that accounts payable pertains only to suppliers of inventory. Based on the above data, what should the budgeted balance sheet show as the balance of Accounts payable at June 30?


A) $12,000
B) $3,600
C) $7,200
D) $5,400

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