Hilliard Company, a small consulting firm, charges all of its operating expenses on Accounts Payable....
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Accounting
Hilliard Company, a small consulting firm, charges all of its operating expenses on Accounts Payable. On January 1, Year 2, Hilliard's Accounts Payable balance was $26,500 and, during Year 2, an additional $137,000 of operating expenses were charged on account. On December 31, Year 2, the Accounts Payable balance was $57,300. What is the amount of cash paid for expenses during Year 2? Group of answer choices
$79,700
$106,200
$163,500
$167,800
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