At October 1, 2014, Padilla Industries Had an Accounts Payable

question 103

Multiple Choice

At October 1, 2014, Padilla Industries had an accounts payable balance of $60,000. During the month, the company made purchases on account of $50,000 and made payments on account of $80,000. At October 31, 2014, the accounts payable balance is

• A) $60,000.
• B) $20,000.
• C) $30,000.
• D) $80,000.

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