Answer:
a. $3,400
b. $3,000
c. $66,900
d. $79,400
Explanation:
a. The computation of ending balance in accounts payable is shown below:
= Beginning balance + operating expenses - cash paid
= $4,700 + $67,600 - $68,900
= $3,400
b. The computation of beginning balance in accounts payable shown below:
= Ending balance + cash paid - operating expenses
= $5,300 + $64,100 - $66,400
= $3,000
c. The computation of cash paid is shown below:
= Beginning balance + operating expenses - ending balance
= $4,100 + $67,600 - $4,800
= $66,900
d. The computation of expenses incurred is shown below:
= Ending balance + cash paid - beginning balance
= $9,800 + $77,300 - $7,700
= $79,400
