Determine the missing amounts in each of the following four independent scenarios:
a. X Co. had a $4,700 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company incurred $67,600 of operating expenses on account and paid $68,900 cash to settle accounts payable. Based on this information alone, determine the amount of the ending balance in accounts payable.
b. X Co. had a $5,300 ending balance in accounts payable on December 31, Year 8. During Year 8, the company incurred $66,400 of operating expenses on account and paid $64,100 cash to settle accounts payable. Based on this information alone, determine the amount of the beginning balance in accounts payable.
c. X Co. had a $4,100 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company incurred $67,600 of operating expenses on account. The ending balance in accounts payable was $4,800. Based on this information alone, determine the amount of cash paid to settle accounts payable.
d. X Co. had a $7,700 beginning balance in accounts payable on January 1, Year 8. During Year 8, the company paid $77,300 cash to settle accounts payable. The ending balance in accounts payable was $9,800. Based on this information alone, determine the amount of expenses incurred on account.