Your payables control account has a balance at 1 October 20X8 of $34,500 credit. During October, credit purchases were $78,400, cash purchases were $2,400 and payments made to suppliers, excluding cash purchases, and after deducting settlement discounts of $1,200, were $68,900. Purchase returns were $4,700. What was the closing balance?
A、$38,100
B、$40,500
C、$47,500
D、$49,900
A、$38,100
B、$40,500
C、$47,500
D、$49,900
【参考答案及解析】
Opening balance Credit purchases Discounts Payments Purchase returns
Opening balance Credit purchases Discounts Payments Purchase returns