Calculate the accounts payable balance
At October 1, 2013, Metz Industries had an Accounts Payable balance of $60,000. During the month, the company made purchases on account of $50,000 and made payments on account of $80,000. At October 31, 2013, Calculate the Accounts Payable balance.
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At October 1, 2013, Metz Industries had an Accounts Payable balance of $60,000. During the month, the company made purchases on account of $50,000 and made payments on account of $80,000.
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