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At June 1, 2011, Larry Levine Company reported Accounts Payable of $10,000. During the month, the company made purchases on account of $34,000 and payments
At June 1, 2011, Larry Levine Company reported Accounts Payable of $10,000. During the month, the company made purchases on account of $34,000 and payments on account of $20,000. At June 30, 2011, the balance in Accounts Payable is Answer A. $10,000 debit. B. $24,000 credit. C. $44,000 credit. D. $20,000 debit
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