Answer:
$13,000
Explanation:
Calculation for Accounts Payable balance
Accounts Payable
DEBIT SIDE
Date Amount
May 02 6,000
May 22 11,500
TOTAL $17,500
ACCOUNT PAYABLE BALANCE $13,000
($30,500-$17,500)
TOTAL $30,500
($17,500+$13,000)
CREDIT SIDE
Date Amount
May 1 21,000
May 5 500
May 15 8,500
May 23 500
TOTAL $30,500
Therefore the Accounts Payable balance will be $13,000
