At October 1, 2021, Padilla Industries had an accounts payable balance of $40,000.During the month, the company made purchases on account of $33,000 and made payments on account of $48,000.At October 31, 2021, the accounts payable balance is

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The accounts payable balance at the end of the month is calculated as the beginning balance plus purchases on account minus payments on account. Therefore, $40,000 + $33,000 - $48,000 = $25,000.

At October 1, 2021, Padilla Industries Had an Accounts Payable