135) During the month of March, Harley's Computer Services made purchases on account totaling \$43,500. Also during the month of March, Harley was paid \$8,000 by a customer for services to be provided in the future and paid \$36,900 of cash on its accounts payable balance. If the balance in the accounts payable account at the beginning of March was \$77,300, what is the balance in accounts payable at the end of March? A) \$83,900. B) \$91,900. C) \$6,600. D) \$75,900. E) \$4,900. Answer: A Explanation: Beginning Accounts Payable Balance + Purchases on Account − Payments on Accounts = Ending Accounts Payable Balance \$77,300 + \$43,500 − \$36,900 = Ending Accounts Payable Balance Ending Accounts Payable = \$83,900

Accounts Payable 77,300 36,900 43,500 83,900 Difficulty: 3 Hard Topic: Analyzing Transactions Learning Objective: 02-A1 Analyze the impact of transactions on accounts and financial statements. Bloom's: Apply AACSB/Accessibility: Analytical Thinking / Keyboard Navigation AICPA: BB Industry; FN Measurement