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

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.