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The company starts the month of October with following accounts balances:
Cash 26,000
Accounts Receivable 80,000
Prepaid expenses 12,000
Merchandise Inventory 30,000
Accounts Payable 50,000
Accrued expenses 8,000
Problem 1: The accounts payable on purchase of goods to be paid during October is
a. 140000
b. 218000
c. 162000
d. 190000
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