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A contractor owes vendors $7,200 current, $4,300 at 31-60 days, and $2,500 over 60 days. What total accounts payable are outstanding?

Correct Answer

B) $14,000.

Accounts payable outstanding is the sum of the vendor aging buckets: $7,200 + $4,300 + $2,500 = $14,000.

Answer Options
A
$11,500.
B
$14,000.
C
$9,700.
D
$4,300.

Why This Is the Correct Answer

Accounts payable outstanding is the sum of the vendor aging buckets: $7,200 + $4,300 + $2,500 = $14,000.

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