Stinley Co. paid utilities of $134,000 during 2018. At the end of 2018, utilities payable equals $17,000 and utilities expense equals $145,000. What was the balance of utilities payable at the beginning of 2018?

Name: Stinley Co. paid utilities of $134,000 during 2018. At the end of 2018, utilities payable equals $17,000 and utilities expense equals $145,000. What was the balance of utilities payable at the beginning of 2018?
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Quizplus · Accepted Answer

$17,000 - $145,000 utilities expense + $134,000 utilities paid = $6,000.