yellow company had a balance of $33,000 in accounts payable at the beginning of june, and purchased $102,000…

yellow company had a balance of $33,000 in accounts payable at the beginning of june, and purchased $102,000 of merchandise on account during the month. at the end of june, yellows accounts payable balance was $30,000. what amount did yellow pay on account during june?\n\na. $102,000\nb. $39,000\nc. $105,000\nd. $72,000

yellow company had a balance of $33,000 in accounts payable at the beginning of june, and purchased $102,000 of merchandise on account during the month. at the end of june, yellows accounts payable balance was $30,000. what amount did yellow pay on account during june?\n\na. $102,000\nb. $39,000\nc. $105,000\nd. $72,000

Answer

Explanation:

Step1: Set up the accounts - payable formula

The formula for ending accounts - payable balance is: Ending Accounts Payable = Beginning Accounts Payable+Purchases on Account - Payments on Account. Let the payments on account be $x$. So, $30000 = 33000+102000 - x$.

Step2: Rearrange the formula to solve for $x$

First, simplify the right - hand side of the equation: $33000 + 102000=135000$. The equation becomes $30000=135000 - x$. Then, add $x$ to both sides: $30000 + x=135000$. Next, subtract 30000 from both sides: $x = 135000 - 30000$.

Step3: Calculate the value of $x$

$x=105000$.

Answer:

C. $105,000