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The Trade Payables Account Has a Beginning Balance of $1,000

Question 42

Multiple Choice

The trade payables account has a beginning balance of $1,000 and we purchased $3,000 of inventory on credit during the month. The ending balance was $800. How much did we pay our creditors during the month?


A) $2,800
B) $3,000
C) $3,200
D) $4,800

Correct Answer:

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