Question

21. Keenan's company has the following transactions: 00 for rent that was owed from last month. cashy Fent expenser received $22,500 cash and issued common stock to BA211 stockholders. Casht 211 stockholders. casnt Common skock to purchased $760 of shop supplies on account. Sup. exp. 1 018 T purchased $3,600 worth of furniture on account. furniture alp provided services to various clients totaling $11,600 on account. Service Revende acc Red paid $5,000 for salaries for the current period. salaries expenset cash paid $330 to supplier for the shop supplies purchased earlier. Sup.ext SUPP! collected $1,000 from a client for services rendered earlier in the month. Serreu ully and draw a T-account to assist you. At the end of the month, what will Keenan's Accounts Payable balance be 3600 This is a complex problem. Go through it very carefully and draw a T-account to financial event are to identify the accounts and the account type → ..she rules of debits and credits → record the

Answer 1

Accounts Payable A/c
	Amount		Amount
		Outstanding rent	3200
		Purchases ( Shop supplies)	760
Cash	3200	Furniture	3600
Cash	330
Balance	4030
	7560		7560

Accounts payable is $4030.