Nobula Corp.is preparing their budget for the second quarter and provides the following data:

Assume that accounts payable pertains only to suppliers of inventory.Based on the above data,the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is ________.

Question

Nobula Corp.is preparing their budget for the second quarter and provides the following data:

Assume that accounts payable pertains only to suppliers of inventory.Based on the above data,the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is ________.

Quizplus · Accepted Answer

C)Accounts Payable = $23,000 × 40% = $9,200