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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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