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    Accounts Payable Balance

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    Company A has given us the following information:

    Purchases during 1st quarter $18,000
    Cash payments for materials during 1st quarter 22,000
    Accounts Payable balance at the end of 1st quarter 6,000

    Note: The accounts payable account is used only for direct materials.

    What was the balance in Company A's accounts payable account at the beginning of the 1st quarter?

    Please assist.

    © BrainMass Inc. brainmass.com June 3, 2020, 9:22 pm ad1c9bdddf
    https://brainmass.com/business/accounting/accounts-payable-balance-179090

    Solution Summary

    The solution explains how to calculate the balance in the accounts payable account given the purchases and payments

    $2.19

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