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If Beginning Accounts Payable Is $10,000 and the Purchases on Account

Question 211

Multiple Choice

If beginning Accounts Payable is $10,000 and the purchases on account are $100,000 and payments made on account were $80,000 during the period,then the ending Accounts Payable balance is:


A) $30,000 credit
B) $20,000 credit
C) $20,000 debit
D) $30,000 debit

Correct Answer:

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