What is the meaning of the statement Accounts Payable has a credit balance of $2,800?

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What is the meaning of the statement “Accounts Payable has a credit balance of $2,800”?

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Horngrens Accounting Volume 1

ISBN: 9780135359709

11th Canadian Edition

Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood

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