Multiple Choice
At October 1, 2011, 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, 2011, the accounts payable balance is
A) $30,000.
B) $10,000.
C) $15,000.
D) $40,000.
Correct Answer:
Verified
Correct Answer:
Verified
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