(Answered) Ray company began the accounting period with a 36000 credit

Accounting

Ray Company began the accounting period with a $36,000 credit balance in its Accounts Payable account. During the accounting period, Ray incurred expenses on account of $108,000. The ending Accounts Payable balance was $48,000.

Required

Based on this information, determine the amount of cash outflow for expenses during the accounting period.

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