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What was the balance of utilities payable at the beginning

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Reference no: EM132949836

Problem 1: Stinley Co. paid utilities of $149,000 during 2021. At the end of 2021, utilities payable equals $50,000 and utilities expense equals $175,000. What was the balance of utilities payable at the beginning of 2021?

Multiple Choice

Option 1: $52,000.

Option 2: $24,000.

Option 3: $50,000.

Option 4: $26,000.

Reference no: EM132949836

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