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At October 1, 2020, Oriole Co. had an accounts payable balance of $39800. During the month, the company made purchases on acc
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Answer #1

Opening balance of accounts payable =$39800

Add: credit purchases made during the month =$33000

Less: payment made during the month =$48100

Closing balance of accounts payable as on 31st October 2020 = 39800+33000-48100 = 24700 (Ans)

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