At October 1, 2010, Padilla Industries Had an Accounts Payable

Multiple Choice

At October 1, 2010, Padilla Industries had an accounts payable balance of $30,000. During the month, the company made purchases on account of $25,000 and made payments on account of $40,000. At October 31, 2010, the accounts payable balance is

A) $30,000.
B) $10,000.
C) $15,000.
D) $40,000. [