At October 1, 2025, a company had an Accounts Payable balance of $140,000. During the month, the company made purchases on account of $100,000 and made payments on account of $160,000. At October 31, 2025, the Accounts Payable balance is O $80,000 credit. O $20,000 credit. O $160,000 credit. O $140,000 debit. f

At October 1, 2025, a company had an Accounts Payable balance of $140,000. During the month, the company made purchases on account of $100,000 and made payments on account of $160,000. At October 31, 2025, the Accounts Payable balance is O $80,000 credit. O $20,000 credit. O $160,000 credit. O $140,000 debit. f

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Provide the answer is correct option
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