At October 1 2022 Metz Industries had an Accounts Payable balance of $140000.During the month the company made purchases on account of $100000 and made payments on account of $160000.At October 31 2022 the Accounts Payable balance is

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The Accounts Payable balance is calculated by taking the beginning balance, adding purchases on account, and subtracting payments made. Starting with $140,000, add $100,000 in purchases, and subtract $160,000 in payments, resulting in an ending balance of $80,000.

At October 1 2022 Metz Industries Had an Accounts Payable