At October 1, 2015, Padilla Industries Had an Accounts Payable

Multiple Choice

At October 1, 2015, Padilla Industries had an accounts payable balance of $40,000. During the month, the company made purchases on account of $33,000 and made payments on account of $48,000. At October 31, 2015, the accounts payable balance is

A) $25,000.
B) $41,000.
C) $55,000.
D) $121,000.