At October 1, 2017, Padilla Industries had an accounts payable balance of $90,000.During the month, the company made purchases on account of $75,000 and madepayments on account of $120,000. At October 31, 2017, the accounts payable balance isa. $90,000.b. $30,000.C. $45,000.d. $120,000.100.

ACCOUNT PAYABLE: Accounts Payable is the account which is accounted for when purchases of goods or…

Answered: 100. At October 1, 2017, Padilla…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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100. At October 1, 2017, Padilla Industries had an accounts payable balance of During the month, the company made purchases on account of $75,000 and made payments on account of $120,000. At October 31, 2017, the accounts payable balance is a. $90,000. b. $30,000. C. $45,000. d. $120,000.