Question

For the month of June 2020. Alan Walker Lld did the following transactions 1. June 1st. Purchased raw materials on credit for $25,784 from David Guetta Lid 2. June 5th Paid 50% cash to David Guetta Lid for credit purchases done on June 15 3. June 10th Purchased packing material on credit from Tiesto Lid for $15.240 4. June 11th- Purchased finished goods for $ 27.850 from Kygo Inc 5. June 15th-Paid 20% cash to Tiesto Lid for credit purchases done on June Tom 6. June 30th- Paid 40% cash to Kygo Inc for credit purchases done on June 11th The closing balance for the month of June. 2020 in the Accounts Payable Account will be

Answer 1

date	amount paid	amount due
June 1st	$25,784 * 50%=>$12,892	($25,784-12,892)=>$12,892
June 10 th	$15,240*20%=>$3,048	($15,240-3048)=>$12,192
June 11 th	$27,850*40%=>$11,140	($27,850-11,140)=>$16,710
	Closing balance for Accounts payable account	$41,794