Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cora is looking over the accounts payable subsidia

Cora is looking over the accounts payable subsidiary ledger. Creditor 1 has a current balance...

60.1K

Verified Solution

Question

Accounting

Cora is looking over the accounts payable subsidiary ledger. Creditor 1 has a current balance of $25,600 and Creditor 2 has a balance of $15,300. The company paid Creditor 1$9,000 cash toward the account today. What is the new balance for Accounts Payable?
$10,300
$31,900
$24,300
$40,900
image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

84 A metal plate of area 1x10m is illuminated by...

Biology
1.2K views

1)Jack has freckles, which are a recessive trait. His wife Kelli doesn't have freckles. What %...

Biology
1.2K views

What is the significance that primates generally give birth to one offspring at a time and...

Programming
1.2K views

Please answer with a fully detailed solution with examples. In Java, write a method to determine...

Medical Sciences
1.2K views

How would low air pressure affect the function of the cochlea? How would this affect a...

Physics
1.2K views

3 A long cylindrical wire of radius a carries a current I distributed uniformly over...

Calculus
1.2K views

For f x y A x Bx y Cy what values of A B and...

Algebra
1.2K views

? is an acute angle and sin ? and cos ? are given. Use identities...

Accounting
1.2K views

Assume a company has three products-A, B, and C-that emerge from a joint process. The...

Accounting
1.2K views

Kleiner Merchandising Company Accumulated depreciation $ 700 Beginning inventory 7,500 Ending Inventory 2,700 Expenses 1,700...

Accounting
1.2K views

be QuLI at Tests Practice Time Value SAVE ANSWER Question 9 1 points A...

Finance
1.2K views

Taggart Transcontinental is considering a $250 million investment to launch a new rail line. The...