At October 1, 2020, Medina Co. had an accounts payable balance of $50,000. During the month, the company made purchases on account of $35,000 and made payments on account of $48,000. At October 31, 2020, the accounts payable balance is
A) $37,000.
B) $33,000.
C) $63,000.
D) $133,000.
Correct Answer:
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