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Use the Rollforward Formula. On September 30, the company has an Accounts Payable balance of $20,000. During the month of October, they paid $55,000 to
Use the Rollforward Formula. On September 30, the company has an Accounts Payable balance of $20,000. | |
During the month of October, they paid $55,000 to suppliers. | |
On October 31, the balance in Accounts Payable is $37,000. | |
How much did the company purchase on account during October? |
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