Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. on august 1, 2020, philip company had an accoun

1. On August 1, 2020, Philip company had an account payable balance of 12,000. During...

80.2K

Verified Solution

Question

Accounting

image
1. On August 1, 2020, Philip company had an account payable balance of 12,000. During the month, the company purchased office supplies of 20,000 from Alobikan on account, performed services on account of 30,000 ,and paid 5000 due to Alobikan. What is the Account payable balance on August 30, 2020

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Which one of these salts will form a basic solution upon dissolving in water? A) KBr B) KClO3 C)...

Chemistry
Q

A molecule that can be used as an antibiotic is known to be capable of...

Biology
Q

1) Succinyl-CoA inhibits both citrate synthase and α-ketoglutarate dehydrogenase. How is succinyl-CoA able to inhibit both enzymes?

Chemistry
Q

In some video games, spacecraft employ ion drives. Write a report discussing how an ion drive...

Physics
Q

An energy saving lamp with a power of P = 11 W emits an electromagnetic wave...

Physics
Q

In 750 words or more identify a specific ethical quandary facing the world today (e.g., abortion,...

Psychology
Q

B Figure shows track of three positive charged particles through uniform electric field E All...

Physics
Q

orge is an economist trying to understand whether there is a strong link between CEO...

Statistics
Q

Check my work mode : This shows what is correct or incorrect for the work...

Accounting
Q

In 2015, the average cost for basic utilities (electricity, heating. water and garbage) in a...

Accounting
Q

Quantitative Problem 1: Assume today is December 31, 2019. Barrington Industries expects that its 2020...

Finance
Q

ayout References Mailings Review View Tell me SmartArt Chart iv [A]A ons Add-ins Media Links...

Finance