The t account for accounts payable had 4 transactions...

The T-account for Accounts payable had 4 transactions entered into it. It was increased by $300 and $100 and decreased by $50 and $150, respectively. The balance in the Accounts payable account at the end of the period would be a (debit/credit) balance of $ About Today! (Review those concept resources. Read About The Concept

Transcript

00:01 Now in the given question we need to compute the ending balance of account payable so we have made this table so first of all we will be taking the beginning balance of account payable now in the question the beginning balance of account payable given to us is $18 ,200.

00:17 So beginning balance of account payable given is $18 ,200 dollars now the second information we will have been given that there were three credits during the period to the account so this credits means there were more accounts payable during the year so what we will be doing we will be writing down these credits so credits to the account payable during the period we will list down these credits one by one now the first credit was of three thousand six hundred dollars the second credit was of $9 ,500 and the third credit in the account were of $22 ,700.

01:30 So this total credits comes to $35 ,800.

01:40 So we will be writing this balance in the outer column.

01:43 So this comes to $35 ,800.

01:50 Now, when we add this the beginning balance and the credits of the, the accounts this balance will be the total amount payable and this will be a plus b and this comes to fifty four thousand dollars now what we will be doing we will be taking the total debits during the year so the debits were also of three times during the year see so the debits during the period the three debits were first one was four thousand seven hundred dollars the second one was of twenty one thousand three hundred dollars and the third debit was of fourteen thousand eight hundred dollars so the total balance of the debit comes to forty thousand eight hundred dollars so this is the total debits so now what we will be doing we will be moving this to the outer column and this comes to $40 ,800...

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