Viewmont Manufacturing Began the Year Owing Its Suppliers $4,800 for Merchandise

Multiple Choice

Viewmont Manufacturing began the year owing its suppliers $4,800 for merchandise purchased last year.Viewmont then sold half of this merchandise for $8,000 on account.Two weeks later,Viewmont paid its suppliers $1,600 and bought another $6,400 of merchandise on account.Viewmont now has an Accounts Payable balance of:

A) $17,600.
B) $9,600.
C) $1,600.
D) $7,200.