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10. The following accounts and balances were drawn from the records of Your Company on
December 31, 2018:
Cash
$6,000
Retained
$9,000
earnings
Equipment
$8,000
Prepaid supplies
$1,000
Accounts Payable
$????
Notes Payable
$10,000
Common Stock
$2,000
Land
$7,500
What was the balance in the accounts payable account on December 31, 2018?
A. $ 6,000.
B. $ 4,500.
C. $ 3,500
D. $11,500
E. $ 1,500

Top Answer

Option E is the correct... View the full answer

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