Golden Company Had a Balance of $40,000 in Accounts Payable

Multiple Choice

Golden Company had a balance of $40,000 in Accounts Payable at the beginning of June, and purchased $30,000 of merchandise on account during the month At the end of June, Golden's Account Payable balance was $28,000. What amount did Golden pay on account during June?

A) $38,000
B) $42,000
C) $108,000
D) The amount cannot be determined from the information given.