The transaction of Padilla Services are recorded in the general journal below. Accounting Transactions Date Account Titles and Explanation Debit ($) Credit ($) Jan. 1 Cash 20,000 Notes Payable 20,000 To record cash received on a note Jan. 10 Equipment 7,500 Accounts Payable 7,500 To record equipment purchased on account Jan. 19 Rent Expense 1,000 Cash 1,000 To record rent expense Jan. 20 Accounts Payable 2,400 Cash 2,400 To record payment on account Jan. 25 Accounts Receivable 7,000 Service Revenue 7,000 To record service provided on account If the beginning Accounts Payable balance is $3,500.

What is the amount of Accounts Payable after the journals entries are posted to the general ledger? 

Answer rating: 100% (QA)

lets calculate the ending Accounts Payable balance for Padilla Se... View the full answer