Answer:
Assuming that Dividend was payable at the beginning of Year 2.
$2,500
Assuming that Dividend was declared and paid during the Year 2.
$3,000
Explanation:
Account Payable Beginning Balance Year 2 = $1,500
Utility Expense on account for the Year 2 = $3,500
Payment made on Account Payable in Year 2 = $2,000
Payment of Dividend in year 2 = $500
Assuming that Dividend was payable at the beginning of Year 2.
Balance at the end of the Year 2 = Beginning Balance of Year 2 + Expenses on Account for Year 2 - Payment Made on Account Payable
Balance at the end of the Year 2 = $15,00 + 3,500 - ( $500 + $2,000 )
Balance at the end of the Year 2 = $2,500
Assuming that Dividend was declared and paid during the Year 2.
Balance at the end of the Year 2 = Beginning Balance of Year 2 + Expenses on Account for Year 2 - Payment Made on Account Payable
Balance at the end of the Year 2 = $15,00 + 3,500 - $2,000
Balance at the end of the Year 2 = $3,000
