During the month of Jan the following transaction occured Credit purchase $30000 Cash purchase $ 12000 Return outward $2000 Cash paid $25000 Discount received $200 Compute the balance in the account payable at the end of the month.
During the month of Jan the following transaction occured Credit purchase $30000 Cash purchase $ 12000 Return outward $2000 Cash paid $25000 Discount received $200 Compute the balance in the account payable at the end of the month.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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During the month of Jan the following transaction occured
Credit purchase $30000
Cash purchase $ 12000
Return outward $2000
Cash paid $25000
Discount received $200
Compute the balance in the account payable at the end of the month.
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