Question: Can you explain this general accounting question using accurate calculation methods? On December 31, 2023, Apex Corporation had Accounts Payable of $78,000. During 2024, the

Can you explain this general accounting question using accurate calculation methods?

On December 31, 2023, Apex Corporation had Accounts Payable of $78,000. During 2024, the company recorded $625,000 in purchases on account. The ending balance of Accounts Payable on December 31, 2024 was $92,000. What is the amount of cash paid to suppliers during 2024? a. $611,000 b. $639,000 c. $625,000 d. $717,000

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