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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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