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Problem 1: On May 31, Charlotte Company had an Accounts Payable balance of $57,000. During the month of June, total credits to Accounts Payable were $34,000, which resulted from purchases on credit. The June 30 Accounts Payable balance was $7,000. What was the amount of payments made during June?
1) $32,000
2) $34,000
3) $57,000
4) $59,000
5) $84,000
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