Consider the following T-account for Accounts Payable. $$\begin{array}{l}
\text { Accounts Payable }\
\begin{array} { c | r }
\hline & 10,200 \
8,800\ & 4,500
\end{array}
\end{array}$$ 1. Compute the balance of the Accounts Payable account.
2. Give an example of a transaction that would have resulted in the $8,800 posting to the account.
3. Give an example of a transaction that would have resulted in the $4,500 posting to the account.

Question

Consider the following T-account for Accounts Payable. $$\begin{array}{l}
\text { Accounts Payable }\
\begin{array} { c | r } 
\hline & 10,200 \
8,800\ & 4,500
\end{array}
\end{array}$$ 1. Compute the balance of the Accounts Payable account.
2. Give an example of a transaction that would have resulted in the $8,800 posting to the account.
3. Give an example of a transaction that would have resulted in the $4,500 posting to the account.

Quizplus · Accepted Answer

The Answer of Consider the following T-account for Accounts Payable. $$\begin{array}{l}
\text { Accounts Payable }\
\begin{array} { c | r } 
\hline & 10,200 \
8,800\ & 4,500
\end{array}
\end{array}$$ 1. Compute the balance of the Accounts Payable account.
2. Give an example of a transaction that would have resulted in the $8,800 posting to the account.
3. Give an example of a transaction that would have resulted in the $4,500 posting to the account.

Consider the Following T-Account for Accounts Payable Accounts Payable 10,2008,8004,500\begin{array}{l}\text { Accounts Payable }\\\begin{array} { c | r } \hline & 10,200 \\8,800\\ & 4,500\end{array}\end{array} Accounts Payable 8,800​10,2004,500​​​

Consider the Following T-Account for Accounts Payable $\begin{array}{l}\text { Accounts Payable }\\\begin{array} { c | r } \hline & 10,200 \\8,800\\ & 4,500\end{array}\end{array}$