=+c. During December, $60,500 was paid to creditors on account, and purchases on account were $77,700. Assuming

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=+c. During December, $60,500 was paid to creditors on account, and purchases on account were $77,700. Assuming the December 31 balance ofAccounts Payable was $22,300, deter¬

mine the account balance on December 1.

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