Better Than That Corp. (BTT) has an accounts payable balance of $18,421 as of July 1, 2021. During July, the firm had the following transactions:

Purchased $8,102 worth of supplies on account.

Prepaid $1,050 in cash for August’s rent

Received $3,944 in cash from customers for services to be provided in August

Provided services worth $4,440 to customers on account.

Paid creditors $10,971 for supplies previously purchased on account.

Received $1,091 in cash from customers for services previously provided on account in June.

What was the balance of the company’s Accounts Payable account as of July 31^st, 2021 following these transactions?

Answer rating: 100% (QA)

To determine the balance of the companys Accounts Payable account as of July 31 2021 we need to cons... View the full answer