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  3. accounts payable at the end of december would be:

accounts payable at the end of december would be: A)168,000 B)23,100 C)144900 D)231000 ...

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Accounting

accounts payable at the end of december would be: A)168,000 B)23,100 C)144900 D)231000
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Help Save & Suomi Dily Farm Supply is located in a small town in the rural west Data regarding the store's operations for Sales are budgeted at $310.000 for November $330,000 for December, and $230,000 for January . Collections are expected to be 60% in the month of sale and 40% in the month following the sale The cost of goods sold is 70% of sales. The company desires to have an ending merchandise inventory at the end of each month equal to 90% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase Other monthly expenses to be paid in cash are $23100 Monthly depreciation is $31.000 ignore taxes Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment, ret of 5624,000 accumulated depreciation Total assets $ 36,500 87.000 195,300 925,000 $1,243,800 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 259,000 760,000 224,500 $1,243,000 Accounts payable at the end of December woud be

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